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DHL to invest USD129m in India warehouses, transport

Deutsche Post DHL’s express delivery unit DHL plans to invest EUR100 million (USD129.36 million) in India over the next couple of years to set up new warehouses and transport facilities, a senior official said on Tuesday.

Vikas Anand, DHL India’s COO for the supply chain division told reporters at a news conference there were plans to set up eight new warehouses.

(Source: CNBC)