March 13 - Ahlers India has celebrated 10 years of successful trading in the country by generating revenues of USD24.75 million during its 2013 financial year.
Its parent company, Ahlers Group, reported turnover of USD275 million during FY2013; it aims to increase this to USD400 million by 2018. Ahlers India is forecast to contribute 12 percent of that target over the next four years.
Pradeep Joseph, managing director, Ahlers India said: "We at Ahlers India are delighted to complete 10 successful years in business. Since our inception in 2004, we have demonstrated strong growth and successfully expanded across India, diversifying into newer segments and establishing footprints in key cities."
Christian Leysen, executive chairman, Ahlers added: "India is an important market with immense untapped growth potential. Adequate investment incentives, updating regulatory policies, and planned infrastructure projects are the preconditions for Indian logistics market to go to its full potential and contribute to the economic development at higher speed."
According to Ahlers India 60 percent of its revenue comes from its network business - encompassing door-to-door international transportation, 25 percent from project cargo management, and the 15 percent balance from industry specific logistics such as oil and gas, chemicals, and tobacco.