Austria-based logistics company managed to grow by over 16% going past the Rs. 530 crores revenue.
Global logistics service provider cargo-partner has announced its plan to expand to 10 more Indian cities in the next two-three years. After this expansion cargo-partner will be present in over 24 cities and all major states of India.
The company aims to have a pan-India presence by the end of FY 25 and to lead the National logistics market in India and their steady expansion is fuelled by the same.
Mr. Rajiv Singh, Managing Director (India), cargo-partner said, “cargo-partner will be creating over numerous job opportunities and onboard 500 employees in these cities, during FY2022-25. They will be serving B2B enterprises operating in the Automotive & Spare Parts, Fashion & Lifestyle, Foodstuffs & Perishables, and Pharmaceuticals & Healthcare. The increase in demand from tier 2&3 cities has also led to this expansion in services by cargo-partner.”
With the e-commerce market growing at a very fast pace, the company is planning to expand in the area of warehousing to meet the demand of domestic consumers. The company is also eyeing growth in the pharmaceutical space and believes that India is one the largest manufacturers of medicines and there are ample opportunities for big firms to come up with more innovations in this area.
“At present, we are aiming to grow from Rs 530 crore to Rs 1500 crore in the next three years and we are ready to invest as much capital as will be required to bring these people with us,” Singh said.
Headquartered in Austria, cargo-partner has a global network with more than 140 offices in over 40 countries. cargo-partner has its network in Western, Eastern, and Central Europe, North East Asia, South East Asia, Oceania, Indian Subcontinent, and North America.
Currently, they are operational in 14 Indian offices with a presence in all major cities such as Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, and Ahmedabad. Adopting an integrated and holistic approach to its expansion goals, cargo-partner is also optimistic about creating a true impact across the entire supply chain.