Blue Dart launches Surfaceline; plans expansion to around 17,500 locations
Our Corporate Bureau
12 September 2007
Additionally, the company is planning 58 more warehouses across India by 2010, and proposes to augment its workforce while simultaneously adding over a million square feet of warehousing space.
According to Anil Khanna, managing director, tier II and III cities offer untapped potential for Surfaceline on account of the growing affluence of consumers in these areas. Also, the emergence of special economic zones (SEZs) and IT Parks across different parts of the country will add to the total market opportunity for Surfaceline.
The company plans to invest Rs 1,000 crore over an estimated six to eight years for developing its air infrastructure, aircraft and ramping up ground infrastructure facilities.
Funding for these plans will be derived from internal accruals, though budgetary estimates were yet to be determined.