The courier industry
specialises in time-definite, reliable transportation services for documents,
packages and freight.
The industry has exhibited
a growth of about 30% over the past four years and is expected to grow at
25% for the next two to three years, making it one of the fastest growing
segments in the transportation of cargo.
cargo holds 6% of the express cargo industry, but is forecasted to reach 40%
The domestic courier
industry with a turnover of Rs 20 bn is still at a nascent stage as compared
to developing countries like China where the industry is five to six times
Currently there are about
2300 courier companies in India, but four major players in the premium organised
segment dominate the industry.