Marken has announced that it will open a new branch in Ahmedabad and expand into larger spaces in Hyderabad and Delhi. Both offices will be operational in the first quarter of 2018. The office moves are a response to increased client demand and also enables further expansion of its transportation network in the country. When complete, Marken will have six fully equipped locations in India, including its 24/7 Global Control Center in Mumbai.
Wes Wheeler, Marken’s Chief Executive Officer, said: “We continue to expand our global footprint and facilities to accommodate the growth of demand for our services. The opening of the new office in Ahmedabad will allow us to meet the needs of our clients in the western part of India. The expansion of existing sites will continue as the space requirements for clinical logistics grows. The expanded India footprint also allows us to in-source more of our own local services, including hiring dedicated drivers.”
According to Marken, the Indian biotech industry holds a 2% share of the global biotech market, but is growing fast. Its estimates suggest that the total industry size stood at $11 bn in 2016. Fast-paced growth is likely to continue, driven by a range of factors including a growing demand, intensive R&D activities and strong government initiatives. India is reported to be among the top 12 biotech destinations in the world and ranks third in the Asia-Pacific region.
The world's largest collection of global supply chain intelligence