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| Leading Indian logistics provider sets up HK base ( 01/01/2006 ) | |||||||||
As the 11th largest trading partner of Hong Kong, India-Hong Kong bilateral trade reached a total of US$ 5.77 billion for the period of January to September 2005, a growth rate of 29% compared to the same period in year 2004. GATI, the first Indian logistics company to establish a foothold in Hong Kong, aimed to seize the opportunities to establish its gateway to southern China and transshipment hub between China and India through its Hong Kong operation. Key market The managing director & CEO of GATI Limited, Mahendra Agarwal, said: "Our key thrust into Hong Kong is in establishing a sales and marketing presence and developing strategic relationships. Hong Kong is a key market for India-centric business because of its business ties and geographic proximity to the PRD. GATI, a household name in India, plans to build awareness through integrated marketing initiatives." "Hong Kong with its sound infrastructure, world-class facilities and strategic geographical position is a natural choice to be the lynchpin of GATI's business in the PRD," he continued. GATI plans to focus on developing express distribution and integrated freight business opportunities with companies that plan to enter or are already operating in the Indian market. Mr. Mahendra added that an India-centric strategy makes sense for GATI's international business for many reasons; India is the world's fastest growing market after China, imports into India are growing at a rate of approximately 16 per cent per annum, and GATI's unparalleled delivery reach, multi-modal connectivity, world-class e-solutions, and state-of-the-art logistics capability makes GATI the ideal logistics partner for companies importing to and doing business in India. The associate director-general of investment promotion at Invest Hong Kong, Simon Galpin, said GATI's decision to build its direct presence in Hong Kong is timely. "The rapidly growing economy in the PRD has created tremendous opportunities for international logistics services providers. We believe that the company's established network in India, coupled with Hong Kong's extensive international connectivity, will strengthen our offering to business in Hong Kong and the PRD." Headquartered in Hyderabad, GATI provides customs clearance services at major sea ports in India and at 8 major airports in India. Established in 1989, the company owns 38 warehouse facilities and offers third party logistics, retail logistics, and full supply chain management solutions. In Asia Pacific, GATI has an established network of offices in Sri Lanka, Bhutan, Singapore, Hong Kong, Beijing and Shanghai. | |||||||||
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