NEW DELHI: Global logistics major
DHL
Express on Wednesday said it will invest over Rs 1,600 crore in India in next five years, taking note of the country's rapid
economic growth
and expectations of its
connectedness
rising "swiftly" in coming years.
Speaking at the release of Global Connectedness Report 2024, DHL Expressway CEO, John Pearson said India continues to be among top five
markets
for the company as he lauded the speed of infrastructure development, particularly highways in recent years.
He said "Incredible India" is not just for tourism but also for businesses in the country.
Pearson said, "For a start, it's a market that is posting the highest GDP growth of among major markets...We're well positioned to capture the opportunities. We have a great build here. It's an incredible country, very innovative, very creative, and setting itself up for major logistics success, in my opinion."
According to the report, India has overtaken China on two key parameters - exports to GDP ratio and services export. The report said in 2021 and 2022, India's exports and imports as a share of GDP increased sharply and India's services trade intensity far exceeds China's for both exports and imports.
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