DHL invests Rs 65 cr in warehouse at Delhi

Contract logistics company DHL Supply Chain today said it has invested Rs 65 crore for developing a 320,000 sq ft warehouse in Delhi. The facility at the Capital's Luhari area launched today is targeted at consumer, retail and automotive sectors, and will soon expand to over 6 lakh sqft, it said in a statement.

FMCG major P&G has been signed as the anchor customer at the location which will serve multiple users, it said. "India is a significant market for us. This facility is part of our ongoing investment in infrastructure development to keep pace with the rapid growth of the logistics market in this country," Chief Executive for South and Southeast Asia, Oscar de Bok, said.

The company had earlier announced its intention to invest Rs 685 crore in building infrastructure in the country, which includes eight such multi-user sites.
It had earlier inaugurated a similar facility at Bhiwandi on the outskirts of the city and plans to have similar facilities in Bengaluru, Ahmedabad and Chennai by the end of this year, the statement added.