US-based Globe Express Services, a leading provider of logistics services, has opened its new office in New Delhi, India.

GES’s new office, its second in the country after Mumbai, is located in Nehru Place, a bustling commercial, financial and business hub in the heart of New Delhi, said a statement from the company.

The move, which proves to be timely and strategic, falls in line with the company’s strategic plans and comes as a result of the company’s worldwide success, fully complementing industry forecasts that India’s logistics market will grow at a compound annual growth rate (CAGR) of 12.17 per cent by 2020 as a result of the boom in the manufacturing, retail, fast-moving consumer goods and e-commerce sectors, it said.

The opening of new branches is part of GES’s expansion strategy into new territories as a multinational organisation to cater to the growing demand for logistics worldwide. The New Delhi office will contribute in the company’s development synergies in resources and strengths to multiply the value of expansion, it added.

Mustapha Kawam, president and CEO, GES, said: “We are already operating in India through the office in Mumbai, and the New Delhi branch will help integrate the country seamlessly into our international network.”

“We are upbeat that it will drive in growth of the company while addressing the demand for specialised logistics service providers in the North India,” he said.

Fulvio Moletti, managing director, Asia Pacific, GES, said: “We are excited to open our first office in New Delhi to better serve our growing customer base in India’s booming economy with tremendous potential in logistics sector.”

“We are extremely positive that our new branch will help us drive towards further growth and consolidate our business in the country,” he added. – TradeArabia News Service