Chennai-based NTC Logistics has hinted at more plans for service expansion in the upcoming days following their recent entry into Malaysia.
Against this backdrop, NTC Group on June 08 hosted its ‘Partners in Progress Global Business Summit’ in Malaysia, which saw nearly 230 customers participating, making the event a grand success.
NTC Group’s Logistics Division (Global Freight Forwarding and CHA) under the leadership of Global CEO Shantha Martin, has already established presence across India with 21 offices in all the major cities and strategic tier II locations. As per her directional strategy and objectives, NTC Logistics has also embarked itself in enhancing its overseas presence. Having already set up a base in Hong Kong and the recent addition of Malaysia is a step forward in that direction. There are also plans to expand operations in Europe and the US.
NTC Group, since inception of 2001 has expanded significantly in the logistics arena that commenced business operations in surface transport.
Having set its foot in the logistics arena, NTC Group, in terms of surface transport, today has a fleet size of 2500 trailers, which has helped NTC to leverage its reach across the Country, thereby helping it serve the remote hinterlands. The focus to serve customers at the bottom of the pyramid has led to establishing BOXORY to cater to LCL cargo movement pan-India, which will enable the end-to-end logistics needs of emerging and developed exporters and importers.
Today, NTC Group’s turnover at US$266 million boasts of offering complete supply chain logistics covering cargo movement by ocean and air, enhancing their transport fleet especially the specialised fleet to carry over dimensional cargo, warehousing solutions and chartering. Having been a leader in project cargo in the renewables segment – wind and solar – it has now taken on significantly in EPC projects in India. Additionally, the group’s Everrenew Renewable Energy business is exploring foraying into battery solutions and biomass.
NTC now looks to encompass inter-serving verticals across engineering, infrastructure, green energy, manufacturing, and distribution, enabling technology, agro and organic food products development and reach the US$2 billion mark by the year 2025.
The need of the global value chain is a ‘razor sharp seamless’ and efficient logistics backbone in terms of infrastructure and services, hence NTC envisions a great opportunity here. Bearing this in mind, the immediate path ahead for NTC Logistics is to offer need based, specialised and technology-enabled logistics services to its clients globally. This will also help forge a bridge between the emerging businesses locally with businesses globally, especially those which are commodity based/manufacturing dependent, offering one-stop solution by way of in-house customs clearance, first and last-mile delivery and warehousing services.