BYD India, a subsidiary of the BYD Group, has now forayed into the material handling equipment business in India, making it only Indian company to provide MHE products with lithium-ion phosphate battery in the country. Ulhas Makeshwar, Head of BYD India MHE business, said, “Along with our direct sales, we are actively exploring business partners across India. Our major focus is on 3PL (third party logistics), warehousing and logistics companies. The Indian warehousing and logistics sector is expected to attract nearly USD10 billion investment over the next 4-5 Years, and the modernisation, technological advancement and process optimisation of the warehousing sector is undoubtedly the key driving force behind the growth of logistics sector.”