New Delhi: Integrated express courier and package distribution firm Blue Dart Express on Sept 11, said it mulls to infuse about Rs 1,000 crore in the next five to eight years to expand its infrastructure and ground services. The company will infuse Rs 1,000 crore over the next five to eight years to expand its aircraft fleet, add material handling equipment and ramp up ground handling facilities. Blue Dart also unveiled a new ground express service Surfaceline, which will expand its coverage to 17,500 locations from 14,600 locations at present.
The company has a market share of 5.8 per cent in the ground segment but targets to take it to 20 per cent in the next five to eight years to achieve market leadership in the express industry. The company''s expansion plan will be funded via internal accruals. The tier-I and tier-II cities offer increasing opportunities for Blue Dart''s Surfaceline. The growth of organised retail in the country, emergence of SEZs, IT parks also provide prospects for our new service. The company has already infused Rs 22 crore in infrastructure building this year.
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