TNT Expects Growth in India

TNT anticipates growth in India, attributed by its growing air and road network connectivity and service expansion in the country, as well as the impending national sales tax introduction which the company believes will drive freight demand.

Onno Boots, regional MD of TNT Southeast Asia and India said, “India’s holds a wealth of potential. Despite the global economic challenges, the country surpassed

expectations by growing 7.9 percent last year up to the third quarter. Many Indian businesses are not growing their footprint domestically, but also internationally.”

As the global economy recovers, the company intends to see stronger growth in these sectors which will be accelerated by the implementation of a country-wide goods and services tax in April.

Current taxes in India are consist of national, state and local taxes which hamper the development of more sophisticated supply chain solutions that will propel domestic and international trade, and subsequently the need for more time and day definite services.

The company will be launching a growth strategy this year that will include enhanced international connectivity of the India network to its China and European network as well as a focused growth plan for its India Domestic Network.

The announcement on TNT’s extended air network to India will be made by the end of the second quarter this year.

TNT, www.tnt.com