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Delhi e-commerce centre starts DHL's US$295 million India investment
AT the opening of DHL eCommerce warehouse in Delhi, DHL eCommerce Asia-Pacific CEO Malcolm Monteiro has declared that the company plans to invest EUR250 million (US$295 million) in Indian e-commerce by 2020.
"India is one of the top 10 e-commerce markets and the fastest-growing globally, with e-commerce expected to grow at 31 per cent year to EUR2 billion by 2020," said Mr Monteiro.
DHL said it regards India as one of its most critical markets for e-commerce, and is moving fast to capture market share.
The Delhi Distribution Centre (DC) enables end-to-end logistics for e-commerce and puts Indian retailers in contact with global markets, with DHL-operated fulfilment and delivery to markets such as the United States and Europe.
On the compliance side, India's government has implemented reforms that make cross-border e-commerce an attractive proposition.
The recently enacted Goods and Services Tax (GST) introduced a new regime of tax compliance, including a tax model "based on data communication between a business as the taxpayer and the GST Network (GSTN) organisation," according to business software firm SAP.
This simplifies the taxation process, increases transparency and compliance, and will unify the country as a single market, SAP added.
India's growing e-commerce market, coupled with the government's implementation of tax reform and greater ease of claiming benefits like the Merchandise Exports from India Scheme (MEIS) for cross-border shipments, have "made e-commerce exports more attractive and business-friendly than ever before," said DHL e-commerce country manager Suraj Bangera.
"India is one of the top 10 e-commerce markets and the fastest-growing globally, with e-commerce expected to grow at 31 per cent year to EUR2 billion by 2020," said Mr Monteiro.
DHL said it regards India as one of its most critical markets for e-commerce, and is moving fast to capture market share.
The Delhi Distribution Centre (DC) enables end-to-end logistics for e-commerce and puts Indian retailers in contact with global markets, with DHL-operated fulfilment and delivery to markets such as the United States and Europe.
On the compliance side, India's government has implemented reforms that make cross-border e-commerce an attractive proposition.
The recently enacted Goods and Services Tax (GST) introduced a new regime of tax compliance, including a tax model "based on data communication between a business as the taxpayer and the GST Network (GSTN) organisation," according to business software firm SAP.
This simplifies the taxation process, increases transparency and compliance, and will unify the country as a single market, SAP added.
India's growing e-commerce market, coupled with the government's implementation of tax reform and greater ease of claiming benefits like the Merchandise Exports from India Scheme (MEIS) for cross-border shipments, have "made e-commerce exports more attractive and business-friendly than ever before," said DHL e-commerce country manager Suraj Bangera.
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