Express exports to US show 'small dips': EICI CEO

The Indian express logistics industry has seen "small dips" in its shipments to the US since the 25 per cent tariff came into effect earlier this month, but any real impact will only be visible after a lag of a few months, Vijay Kumar, chief executive officer (CEO) of the Express Industry Council of India (EICI), told Business Standard in an interview on Tuesday.

- DEEPAK PATEL

The Indian express logistics industry has seen "small dips" in its shipments to the US since the 25 per cent tariff came into effect earlier this month, but any real impact will only be visible after a lag of a few months, Vijay Kumar, chief executive officer (CEO) of the Express Industry Council of India (EICI), told Business Standard in an interview on Tuesday.

EICI is the apex industry association representing leading international and domestic express companies in India. Its members, including players like Blue Dart, UPS, FedEx and DTDC, account for about 80 per cent of the total industry turnover.

The industry has an annual turnover of around $9 billion, with 70 per cent of its business coming from the domestic market and the remaining 30 per cent from international trade. Of the international share, about 20 per cent involves shipments to and from the US.