Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’

Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’

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While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen

[SINGAPORE] 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.

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Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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