DTDC Express: Rs 100 Crore Investment for Infrastructure & Tech Development 2023
DTDC Express: Rs 100 Crore Investment for Infrastructure & Tech Development 2023
DTDC Express, one of India’s leading courier and logistics companies, has recently announced its ambitious plan to invest a minimum of Rs 100 crore in infrastructure and technology development during the current fiscal year.
This strategic move reflects DTDC’s commitment to enhancing its capabilities, expanding its reach, and staying at the forefront of the rapidly evolving logistics and courier industry in India.
The company’s chairman and managing director, Subhasish Chakraborty, has stated that DTDC Express plans to invest at least Rs 100 crore this fiscal on infrastructure and technological development, among other things.
He added that the business anticipates a 30% increase in overall shipments handled during the holiday season (October–November) compared to September.
The integrated express logistics operator provides a variety of services, including premium express, express parcel, b2c e-commerce, as well as warehousing company. It is active in both local and foreign markets.
“Our investment is going towards infrastructure, technological development, and establishing a staff in technology. And this investment would not be less than Rs 100 crore this year, according to Chakraborty, who spoke with PTI.
According to him, the logistics industry is expanding rapidly and is doing so much better and faster than the national economy.
“I am confident that the logistics sector has a bright future given the integrations taking place in the industry and the manner that e-commerce is raising client demand. With both local and foreign business performing well, he claimed that the company’s total growth for the most recent fiscal year was 23%. He also noted that, over the previous two years, overseas business had expanded more quickly than domestic business.
Chakraborty stated that the growth trajectory is increasing up sequentially and that the firm has documented a 16% increase over the same time of FY23 in the first two quarters.Cross-border e-commerce, which the company only started doing last year, is growing 100% month over month on a low basis, according to him.
According to Chakraborty, the firm now has a fleet of 4000 trucks and plans to add another 500 or more vehicles by the end of this fiscal year.
According to the corporate website, DTDC manages 2.21 million square feet of space and over 580 operating sites that handle over 12 million shipments each month.
DTDC Express, founded in 1990, has grown to become one of India’s most trusted and widely recognized courier service providers. With a vast network spanning over 10,000 pin codes in India and a global presence in more than 240 countries, the company has established itself as a leader in the logistics sector.
The decision to invest significantly in infrastructure and technology is in line with DTDC’s long-term vision for growth and innovation. The company aims to utilize this substantial investment to bolster its operations, improve service quality, and address the ever-increasing demands of its customers.
To meet the growing demands of e-commerce, businesses, and consumers, DTDC will focus on expanding and upgrading its infrastructure. This includes the establishment of new distribution centers, sorting facilities, and warehouses in strategic locations across the country. By enhancing its physical presence, DTDC aims to improve efficiency in handling parcels and reduce delivery times.
Technology plays a pivotal role in the modern logistics landscape. DTDC Express recognizes the importance of staying technologically competitive and will allocate a significant portion of its investment towards developing and implementing cutting-edge solutions. Some key areas of technological advancement include:
DTDC plans to further improve its real-time tracking capabilities, allowing customers to monitor their shipments with greater accuracy and transparency.
The company will invest in advanced data analytics tools to optimize route planning, resource allocation, and overall operational efficiency.
Automation in sorting, warehousing, and delivery processes will be explored to reduce manual labor, minimize errors, and improve cost-efficiency.
DTDC will work on innovative last-mile delivery solutions, including electric vehicles and drone technology, to ensure swift and eco-friendly delivery services.
DTDC Express is committed to enhancing the overall customer experience. Part of the investment will be directed towards customer-centric initiatives, such as improved customer support, user-friendly online platforms, and personalized services tailored to individual customer needs.
In line with the growing emphasis on sustainability and eco-friendly practices, DTDC will allocate funds towards adopting greener technologies and reducing its carbon footprint. This includes investments in electric vehicles, renewable energy sources, and eco-friendly packaging materials.
DTDC Express’s decision to invest over Rs 100 crore in infrastructure and technology development is a clear indication of its dedication to remaining a frontrunner in the logistics and courier industry.
By focusing on infrastructure expansion, technological innovation, customer-centric initiatives, and sustainability, DTDC aims to not only meet the current demands of the market but also position itself for long-term success and growth. This investment will not only benefit the company but also contribute to the overall improvement of logistics services in India, ultimately benefiting consumers and businesses alike.
