DHL eyes at 30% revenue growth from textiles sector

DHL eyes at 30% revenue growth from textiles sector

Author | Ranjana Gupta | Tuesday, Apr 27,2004 8:02 AM

DHL eyes at 30% revenue growth from textiles sector

Global logistics major DHL Worldwide Express India is anticipating a growth of over 30 per cent in revenue from the textiles sector alone. At present the sector contributes around 25 per cent towards its annual turnover, which is primarily through its wing Air Express, Ramesh Natarajan, Head – Marketing, informed today.

Further elaborating on the plans, he said that textile sector offered vast export opportunities. And, Air Express was fully geared to capture a big chunk of the $ 30-billion exports likely to take place from the country in the coming years. In order to tackle the growing market in this segment the company has recently launched new packaging sizes for apparels of 50, 75 and 100 kg.

There has been an increase of over 30 per cent in the 100-kg shipment over the past few months, he added.

As he observed, the increasing global awareness about Indian textiles would further enhance the group’s business and the sponsorship of Lakme India Fashion Week would act as a catalyst in this process. “The problem at hand with the Indian textile sector has been lack of proper infrastructure. This acts as a bottleneck when it comes to entrepreneurial tie-ups with overseas partners,” Natarajan said.

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