TNT to invest in India

TNT to invest in India    Dutch mail and global logistics provider TNT said today it will invest about 100 million euros ($88 million) developing integrated express services and its network in India.
   The investment will be spread over five years as TNT aims to become the “leading integrated player in the Indian market by 2010.”
   From today, TNT India will offer air network solutions to customers. Road network services will commence by mid-March.
   By the end of this year, TNT plans to have 144 offices and a workforce of more than 1,600 across India. The company is also expanding its depot space from 80,000 square feet to more than 300,000 square feet with a fleet of more than 1,000 vehicles.
   “India is a country we are all excited about. It has huge business potential and our expansion plan is clearly in line with our strategic intent to focus on and develop in emerging markets,” said James McCormac, TNT’s Express division’s chief operating officer.
   “We have been operating our international express services in India for the past 12 years. With this launch, we will be able to cater to a larger base of customers. Huge investments across manpower, infrastructure and IT have been made to ensure that the customer experiences the same international quality of service that has become the TNT hallmark.”
   In December, TNT initiated a global strategy to focus on its mail, express and freight management sectors, deciding to sell off its logistics unit TNT Logistics.