St. Gallen, August 28, 2024: Logistics group Militzer & Münch is on a strategic growth path in Asia: a new country unit in India, registered under the name of M&M Militzer and Muench (India) Private Ltd., started operations on August 5. The new company focuses on air and sea freight – with a particular focus on the pharmaceutical industry and AOG services – as well as project logistics.
Militzer & Münch India handles road transportation, air and sea freight, and project logistics for its customers, both domestically as well as in import and export. The portfolio includes value-added services such as customs clearance and warehousing. The first branch office is registered in Mumbai. Vijay Narayan, an experienced logistics specialist, is the managing director of M&M Militzer and Muench (India) Private Ltd. Particularly for traffics to and from China, Southeast Asia, Europe and Africa, India is to serve as an important hub in the Militzer & Münch network.
Militzer & Münch is strategically expanding its business in the region’s growth markets: Within the last two years, M&M country units were launched in Vietnam and Indonesia, and most recently in Mongolia on July 1, 2024. In Sri Lanka, Militzer & Münch has been operating its own company for several years already.
Air freight and pharmaceutical logistics for the growth market
With the exception of a few outliers during the pandemic, Indian economy has mostly been able to post growth rates of between six and nine percent over the past ten years. According to forecasts by the International Monetary Fund and the German Federal Statistical Office, Indian economy will overtake both Germany and Japan within just a few years. “The country is one of the fastest growing markets in the world, and is already among the global leaders in many industries,” says Holger Seehusen, Militzer & Münch Group Manager Air & Sea. “India is therefore an extremely important component in our increasingly dense network in Asia. We see great opportunities for our new country unit to grow sustainably and organically. In conjunction with our increased activities in Africa, particularly in the sub-Saharan region, we see great potential here.”
India’s most important export goods by value are technical appliances, precious stones, crude oil products and textiles. In addition, the country plays a decisive role in the global pharmaceutical industry. In 2021, for example, India ranked third worldwide in terms of the volume of pharmaceutical products and 14th in terms of value, according to market research firm Mordor Intelligence. India met over 50 percent of the world’s demand for vaccines, 40 percent of the demand for generic drugs in the United States and 25 percent of the demand for generic drugs in the United Kingdom.
What’s more, India is expected to become the world’s third-largest aviation market in the near future – accordingly, the air segment is of particular importance to M&M Militzer and Muench (India) Private Ltd. Initially, the company will focus on the challenging and time-critical AOG (aircraft on ground) sector, where Militzer & Münch can draw on many years of experience in Germany and China.
