FREIGHT forwarder Kuehne & Nagel (K&N) is pressing ahead with plans to set up an Asian logistics centre in Singapore, says Klaus Herms, managing director for Asia-Pacific. The Swiss-based company also plans to establish a marine insurance brokerage in Singapore to complement its consolidation, transshipment, warehousing and distribution services in the country. 'The idea is to offer a one-stop shop for shippers,' Mr Herms said. The company is working with a consultant to finalise details of the Singapore logistics centre. Mr Herms said the state-of-the-art warehouse would meet the sophisticated needs of volume shippers. The company is also negotiating to strike a strategic alliance with an express carrier. To expand its Singapore operation, the company is also trying to attract business from manufacturers and traders in nearby Malaysia and Indonesia. Mr Herms said the company was looking to expand in all of Asia, but the focus was on India where it had opened offices in the main cities of Delhi, Bombay, Bangalore and Madras, with its own management teams in charge. K&N is believed to be the first foreign freight forwarder to be granted such a licence. The joint-venture Indian company, A.B.C. Nagelfreight, provides services in the four cities. He said eventually, the company would have 11 offices in India, where the airfreight sector was proving to be an area of high growth. India's garment industry was proving a real boon for the airfreight sector. 'India has a lot of potential because the cost of producing consumer goods is competitive and attractive for our customers' Mr Herms said. K&N is still waiting for an operating licence for China and company officials hope to get it when the country joins the World Trade Organisation. The company has 10 representative offices in China, but would like an operating licence to be able to more effectively manage its business. K&N is currently working in partnerships with local companies in China. The company's Asian operations recorded a 20 per cent increase in turnover last year. In the first six months, K&N's turnover was up 10.2 per cent and net profit increased 13.1 per cent.