Global logistics service provider cargo-partner has announced its plan to expand to 10 more Indian cities in the next two-three years, which will make its presence in 24 cities and all major States in the country.
According to a press release, the company aims to have a pan-India presence by the end of FY25 and to lead the national logistics market in India.
Rajiv Singh, Managing Director (India), cargo-partner, said, 'The increase in demand from Tier-2&3 cities has led to this expansion in services by cargo-partner.”
With the e-commerce market growing at a fast pace, the company is planning to expand in warehousing to meet the demand of domestic consumers. It is also eyeing growth in the pharmaceutical space and believes that India is one the largest manufacturers of medicines, and there are ample opportunities for big firms to come up with more innovations in this area.
The company is aiming to grow from INR 530 crore to INR 1,500 crore in the next three years and will be investing accordingly, he said.
Headquartered in Austria, cargo-partner has a global network with more than 140 offices in over 40 countries. It has its network in Western, Eastern, and Central Europe, North East Asia, South East Asia, Oceania, Indian Subcontinent, and North America.
Currently, the company is operational through 14 Indian offices in all major cities, including Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, and Ahmedabad.