Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’

[SINGAPORE] Toll Group expects its Indian market to rise in prominence in the next five years, with the country seeing the largest increase in warehouse space among the freight-forwarding and logistics group’s major markets.

India, China and Singapore are the Australian group’s largest foreign markets in Asia-Pacific, said executive chairman Thomas Knudsen in an interview with The Business Times.

Of these, Singapore is tops, which Knudsen attributed to the Japan Post subsidiary having developed a “strong” value proposition in the city-state.