UPS bets on logistics solutions for auto, healthcare to drive growth

Tags: News
UPS, world’s largest express carrier and package delivery player, sees strong opportunities in the healthcare and automotive components business in the Indian market as the healthcare segment is expected to grow at least three times more.

Mark Martyn-Fisher, managing director of UPS India, said UPS is planning to introduce few healthcare packages in India that would take care of the growing needs of the healthcare industry.

“The logistics business in India is growing at 15 per cent and we expect the healthcare business to grow in multiples of three to the logistics, which is a huge opportunity for us. We have introduced air containers for the healthcare companies that have to be moved at different temperatures. We have a centralised location for these containers and can be mobilised at very short notice. The one closer to India is in Singapore and we expect the business to grow at strong pace with the growth in manufacturing of generic medicines in India."

The company plans to set up arrangements for provision of spare parts by holding stocks of spares closer to locations to service customers 24x7.

“We have started the worldwide express freight service that would take care of this aspect where companies need heavy equipment to be transferred or received at fixed time. This freight service can take unlimited weights compared with earlier limit of 70 kg. We expect the parcels to be in the range of few hundred kilo grams,” said Fisher.

The worldwide express freight service would cater equally to the automotive component business that has strong demand in the Europe, US, Latin America, and the Asia Pacific region. “The companies would focus on processes and we would provide the link with the international market. We would want to be the preferred partner of the industry," said Fisher.

Fisher said worldwide the logistics business has suffered the impact of the global slowdown as companies cut costs by opting for ocean freight. “In India, we have noticed strong growth in the SME, e-commerce and retailing segment in the country. We plan to enter the tier-II and tier-III cities in coming months and target even rural areas that have manufacturing set ups,” said Fisher.

vikassrivastav@mydigitalfc.com

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