Apr
23
DHL to Invest $268 Million in India as National Tax Spurs Demand
By-
Appel sees warehousing needs realignment on India tax reform
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Investment to cover all units including air cargo facilities
Deutsche Post DHL Group will invest 250 million euros ($268 million) in India by 2020 to expand its logistics business and tap demand as the South Asian nation introduces a national sales tax that is set to boost movement of freight.
The goods and services tax will help create bigger distribution centers, Deutsche Post AG Chief Executive Officer Frank Appel said in an interview in Mumbai on Friday. Until now, Indian companies were setting up warehouses in all states to avoid tax burden while the new tax reform may realign the needs of local companies toward larger and fewer mother warehouses, he said…
DHL to Invest $268 Million in India as National Tax Spurs Demand
