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The roll-out of GST has opened new business opportunities for express delivery companies such as TCI Express.
Express cargo companies offer time-bound and faster deliveries than regular cargo movers. Price-wise (on a per kg basis), express players charge nearly double than regular ones.
While the pharmaceuticals sector account for bulk of demand of these services, other sectors like lifestyle, telecom, auto and e-commerce too are taking to such deliveries.
According to PC Sharma, CEO and Wholetime Director, TCI Express, warehouse consolidation post GST helped the sector gain momentum as is evident in both rise in volume and value sales.
Having posted an 18 per cent topline growth in FY18; TCI Express posted a 22 per cent sales growth in June quarter of FY19.
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