FRACHT GOES TO INDIA

INAUGURATION OF FRACHT INDIA PRIVATE LIMITED

We are delighted to officially announce the inauguration of the first FRACHT office in India (Mumbai).

The company will be managed by two industry veterans, Capt. V. P Rajesh and Mr. Rajnish Tiwari, both have a large experience in the Forwarding and Project Logistics industry.

Capt. V.P Rajesh / Managing Director: Rajesh has been associated with shipping & project industry for over 30 years; prior to the current role he worked as a CEO for Lyman Container Lines in USA. Rajesh has varied experience in the heavy lift and project cargo sector, freight forwarding and warehousing activities. Rajesh continues to drive the business with a clear strategic vision and focus on building a customer centric culture.

Mr. Rajnish Tiwari / Director: Rajnish has been associated with the project industry for 25 years. He held various key senior management positions at Pro Logistics/LCL Logistics and has a proven track record of establishing project logistics. Rajnish is responsible in building a sustainable pipeline of customers / designing tailor-made value propositions considering project requirements / creating awareness for internal stakeholders are few of the key areas for the growth and development of the company’s business in India.

Rajesh and Rajnish initially founded KOG Transport India in 2011 before the company was taken over by Rhenus Logistics and renamed Rhenus Project Logistics in 2018.

FRACHT was able to find an agreement with the involved parties to take over the shares from Rhenus Projects and become the majority shareholder of the company.

FRACHT India is already fully operative and has all the necessary licenses (IATA, FIATA, DGM, FFI) in place to handle sea-freight, air-freight, trucking, barging services, packaging and customs clearance across India. The team in Mumbai currently consists of 11 persons.

With the extensive understanding and market intelligence of Rajesh/Rajnish and their team we are able to offer excellent logistics solutions to the existing and also to new customers.

Due to its size of the Indian market, it is our goal to further expand the coverage across the country.

Some information about India’s economy

India has the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity.

Since the start of the 21st century, annual average GDP growth has been 6% to 7%, and from 2014 to 2018, India was the world's fastest growing major economy, surpassing China.

The long-term growth perspective of the Indian economy remains positive due to its young population and integration into the global economy

Apart from private consumption, India's GDP is also fueled by government spending, investment, and exports. In 2019, India was the world's ninth-largest importer and the twelfth-largest exporter.

In 2020, India's ten largest trading partners were USA, China, UAE, Saudi Arabia, Switzerland, Germany, Hong Kong, Indonesia, South Korea and Malaysia.

The service sector makes up 50% of GDP and remains the fastest growing sector, while the industrial sector and the agricultural sector employs a majority of the labor force.

India is the worlds largest manufacturer of generic drugs, and its pharmaceutical sector fulfills over 50% of the global demand for vaccines. India’s chemical industry is extremely diversified and estimated at $178 billions.

The Indian textiles industry contributes 13% of industrial output and 2.3% of India's GDP while employs over 45 million people directly. India's telecommunication industry is the world's second largest by number of mobile phone, smartphone, and internet users. It is the world's 25th-largest oil producer and the third-largest oil consumer. The Indian automobile industry is the world's fifth-largest by production. It has $1.1 trillion worth of retail market which contributes over 10% of India's GDP and has one of world's fastest growing e-commerce markets. India has the world's fourth-largest natural resources, with mining sector contributes 11% of the country's industrial GDP and 2.5% of total GDP. It is also the world's second-largest coal producer, the second-largest cement producer, the second-largest steel producer, and the third-largest electricity producer.

Please welcome our new colleagues in India

Kind regards

FRACHT GROUP

Dominik Keller
Head Global Development

Tel.                  +41 61 287 95 98
Mobile             +41 79 890 95 51
Fax                  +41 61 287 97 50
E-Mail              d.keller@frachtag-bs.ch
Web                 www.fracht.com

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