Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’
While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen
Toll Group expects its Indian market to rise in prominence in the next five years, with the country seeing the largest increase in warehouse space among the freight-forwarding and logistics group’s major markets.
India, China and Singapore are the Australian group’s largest foreign markets in Asia-Pacific, said executive chairman Thomas Knudsen in an interview with The Business Times.
Of these, Singapore is tops, which Knudsen attributed to the Japan Post subsidiary having developed a “strong” value proposition in the city-state.