India amongst the growing market for relocation services

Friday, 23 March 2007, 05:00 Hrs
Printer Print Email Email
Singapore: Asia has emerged as the fastest growing market for relocation services amid a spiraling demand from multinationals moving manufacturing bases to the region.

As multinationals move manufacturing bases to Asia, particularly India and China, there is a growing demand for help not only in relocating staff but also in transporting machinery and computer servers, said McClure, president of US-based UniGroup.

Such moves require knowledge of the customs regulations enabling ships to be cleared quickly. The Asian market presents the challenge of keeping up with the region's tremendous growth.

"In the US, we serve 440 of the Fortune 500 companies, a number of customers are already in China, Hong Kong and Singapore, he said.

The company's global arm Unigroup Worldwide opened its first offices in the region last month after buying the Asian subsidiary of London-based Interdean Group.
Source: IANS
SPOTLIGHT
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..