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New Delhi, March 13 TNT India, the wholly owned subsidiary of the Netherlands based TNT NV, plans to set up five mega hubs in the country over the next few years. The hubs would be located at Nagpur, Delhi, Kolkata and one location each in the South and West (around Mumbai).

“We are yet to zero in on exact locations. In South, we are looking at Bangalore or Salem. In Maharashtra, we are considering places near Mumbai, like Nasik, for instance,” Mr Abhik Mitra, Managing Director, TNT India Pvt Ltd, told Business line.

He declined to share the investment details for these facilities. However, each such hub could require investments in the region of €2 million, according to industry estimates.

TNT, which acquired Speedage in September 2006, one of the Indian road express companies, spent last one year in incorporating processes followed by TNT internationally in Speedage.

“We connected about 168 Speedage locations on Globalink, the software adopted by TNT internationally to track its consignments,” Mr Mitra said. The company spent around €2.5-3 million on IT last year.

This year, Speedage services would be branded as TNT. The sectors that are bringing in significant growth in demand in the express, courier and parcel industry are pharmaceuticals/life sciences, mobile phone market, retail, auto components and spare parts, while banking and financial services has maintained a steady growth.

The company claims to have a market share of 28 per cent in express cargo market, up from six per cent share in 1996.

As a part of its vertical focused strategy, TNT offers specialised services such as TNT Scholar Pack for students, TNT Medpack for life sciences segment and TNT Exhibition services for Indian exporters participating in overseas exhibitions.

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