Tuesday 28 May 2024

Officials at the signing ceremony

RSA Global buys major stake in Indian logistics firm

UAE, April 12, 2018

UAE-based RSA Global, a third-party logistics provider, has acquired a major stake in India’s Meesan Logistics, through which both companies will develop their joint expansion plans in the Indian market.

The duo aim to enhance the entire range of logistics solutions currently offered in India, including contract logistics, freight, road transportation, and on-site logistics, said senior officials at the signing ceremony held in Mumbai, India.

This marks RSA Global’s first major step in global expansion by collaborating with an established Indian third-party logistics company, with whom RSA Global will offer services across India, it added.

RSA Global said the first steps of implementation will see an upgrade in technology and health, safety, security, and quality (HSSEQ) standards.

This collaboration will offer long-term growth for both companies’ customers in the Indian market by combining local expertise and innovation from Meesan with a wealth of skilled labour, capital, rich experience in supply chain operations, and first-rate technology offered by RSA Global, said the statement.

In addition, RSA Global’s clients stand to gain greater access to key markets across India.

India has recently introduced the Unified Tax Regime (GST), which is expected to simplify the distribution network by creating a business environment that allows for smaller warehouses to merge into centralised regional hubs.

Furthermore, the new regulations will create a favourable climate for high-scale results from process optimisation, to support the Indian market’s moves towards advanced third-party logistics services.

Abhishek Ajay Shah, co-founder and group CEO said: “This new partnership is a milestone development for RSA Global, as we merge our experience, valuable human capital and technology with Meesan Logistics’ reputable position in the Indian market.”

“Meesan Logistics shares our vision when it comes to technology, quality, health and safety, agile decision-making, and our hunger for growth. As of today, this strategic partnership now provides services in eight Indian cities and will offer global reach to our Indian customers,” he said.

Gaurav Saluja, CEO, Meesan Logistics India, said: “We are excited to be partnering with RSA Global to take our company to the next level in offering the most efficient and innovative logistics solutions to our clients.”

“RSA Global embodies our core values focused on maintaining the highest standards of customer service and loyalty, performance development, and environmental sustainability, as well as aligning with our vision for global expansion,” he said.

“We are confident that our alliance with RSA Global will support the operations and growth of our customers through bespoke and scalable solutions that will serve the breadth of India, and beyond,” he added. – TradeArabia News Service

Tags: | logistics | Indian | firm | major |

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