Nippon Express Targets $380 Million Revenue From India's Chip Sector
· Business · Business Standard
Japanese logistics firm Nippon Express aims to generate $380 million in revenue from India by 2028, driven by the country's expanding semiconductor ecosystem. The company plans to leverage India's growing role in global chip manufacturing to provide specialized supply chain services for the electronics industry. This expansion involves scaling up infrastructure and logistics capabilities to support semiconductor companies setting up operations within the country. Nippon Express currently operates across several major Indian cities and intends to increase its footprint to meet rising demand for high-tech manufacturing support. The firm expects its India-based operations to play a significant role in its broader global growth strategy.
Why it matters
The company's investment signals growing confidence in India's semiconductor manufacturing ambitions, potentially lowering supply chain costs for domestic electronics firms.
Read the original report — Business Standard
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