The earthquake and following tsunami on March 11 devastated the east coast of Japan, the world's third largest economy, and this is expected to result in a reduction in the nation's economic growth of 0.5 percentage points this year. This will in large part be due to the slowdown in Japan's auto industry, but the market's innate advantages may be able to generate a recovery by the end of 2011.
GMR Hyderabad International Airport has been certified as one of Lufthansa Cargo's key pharmaceutical cargo hubs in South Asia, having satisfied the complex requirements of handling the temperature-controlled transport of pharmaceuticals. Alongside rising demand for pharmaceutical products in India, this will heighten the need for specialized logistics services.
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