News

4th August

UK Trade and Investment, New Delhi is  a UK government body mandated to help UK companies do business overseas. Part of their role is to help identify opportunities for UK companies and recommend the best route to the Indian market. There is a huge, untapped opportunity in India for UK logistics companies. Logistics in India is estimated to have been worth over £60 billion in 2010 and is expected to grow at a rate of 10-20% CAGR over the next decade.

 

Now is the ideal time for UK logistics companies to explore the Indian market. The Government of India is allowing 100% Foreign Direct Investment in the logistics sector and building Free Trade Warehousing Zones, users of which will be exempt from the payment of income and service tax. The Indian government is also taking major steps to improve the country’s entire logistics infrastructure including road, rail and sea transportation in the country.

 

There are particular opportunities for UK companies who specialise in warehousing infrastructure. Only a small number of warehouses in India use modern material-handling equipment and most of those that do primarily serve Tier 1 cities. There is also a deficit of around 80 million sq ft of warehousing capacity.

 

For further details, please contact:

 

Evelyn Monnington-Taylor

UK Trade & Investment

British High Commission

Chanakyapuri

Shantipath

New Delhi 110 021

+91 11 2419 2211

Evelyn.monningtontaylor@fco.gov.uk

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