DHL Global Forwarding, the air and ocean freight unit within Deutsche Post DHL Group, unveiled the country’s first integrated warehousing site in Bengaluru to provide both Customs Bonded and Domestic warehousing (CBD) solutions.
“Simplifying customer trade is our passion and we are excited to pioneer customs bonded warehousing solutions for the first time in India,” said George Lawson, CEO, DHL Global Forwarding India.
DHL has invested ₹7.5 crore (€1 million) in the Bengaluru facility, which is an appointed customs public warehouse with a domestic area for storage, sales and distribution of goods.
It functions as a duty-free zone and enables labelling, packaging and repacking services. The warehouse has been set up to ensure seamless handling, storage and movement of imports with an option to re-export, according to the statement.
Customers will also benefit from the GST-ready warehousing space at the facility for cargo cleared for home consumption and indigenous goods.
The facility is located in Kasaba Hobli, within 22 km of Bengaluru International Airport and 25 km from the Inland Container Depot. It is equipped with multi-user benefits to increase speed and cost efficiencies.
India has projected an investment of $1 trillion for the infrastructure sector during the 12th Five Year Plan (which ends this year), with 40% of the funds coming from the private sector, according to a report by Deloitte Touche Tohmatsu , a consulting and advisory services firm. At the minimum, 45% investment in infrastructure is towards construction and 20% of the infrastructure spend will be for modernisation
Over the next 20 years, it is estimated that $650 billion investment is required in urban infrastructure. Of this, almost 45% is required for development of roads. India is poised to be the world’s third largest construction market by 2025.
