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Santanu Sanyal

Singapore , Aug 3

DHL Danzas, offering air and ocean freighting services in India through its joint venture DHL Danzas Lemuir, would like to see more offices being set up in India in view of the rapid growth of the Indian business.

The joint venture company started with a network of 15 outfits, being increased to 18, is to be stepped up by a few more shortly, according to Mr Peter Landsiedel, CEO, DHL Danzas, Air & Ocean, Asia Pacific.

"Our joint venture was launched only in June last year but our experience so far has been satisfactory," Mr Landsiedel told Business Line here on Monday.

Asked if DHL Danzas would put in more funds into the Indian business, he replied, "Depending on the growth of the Indian market, we will consider investing more in the Indian business. Right now the priority is to upgrade the Indian setups technologically and operationally through proper systems."

Mr Landsiedel gave several reasons for his optimism over the growth prospects of the company's business in India. "The service sector is booming and there is huge potential to attract FDI and the development of infrastructure and policy reforms will drive growth and the monsoon, if it eventually turns out to be normal, will further support the sustained economic growth. India is an important market for us and we expect the domestic environment to boost the market."

Referring to the outsourced contract logistics market, Mr Landsiedel pointed out that Japan and Australia now accounted for 80 per cent of the market but showed a slow growth whereas highest growth rates were being witnessed in China, India and South Korea.

The air freight market in the Asia Pacific, he said, would grow in the current year (2004) by 6.8 per cent as compared to an estimated 5.9 per cent growth worldwide. Over 40 per cent of the air freight business in the region would stay in the region, i.e., there would be intra-region movement. Worldwide, the ocean freight cargo was expected to reach 70 million TEUs and the Asia Pacific would contribute to over 60 per cent of the global containerised cargo to and from Asia.

The volume growth of the ocean freight in the Asia Pacific in 2004, he estimated, would be about 15 per cent as compared to eight per cent worldwide during the same period. Besides, intra-Asia, Far-East-Pacific and Far East-Europe would be major trade lanes, he added.

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