Starting January next year, both companies will jointly explore growth opportunities for new and existing customers, based on their strategic partnership and business collaboration, as well as expand revenue.
According to a statement, Nippon Express and FSC aim to pursue three business strategies via this collaboration.
Firstly, offering FSC’s integrated and high-quality service offering to Japanese and other foreign customers of Nippon Express who are currently doing business in India and are planning to penetrate into the Indian market in the near future.
Secondly, this collaboration also offers Nippon Express’ global logistics services to Indian customers via FSC.
Thirdly, increase FSC’s operational efficiencies through introduction of latest/global technologies and process improvements/Kaizen activity.
Nippon Express (International Business Headquarters) senior managing executive officer and chief managing officer, Satoshi Horikiri said: “To be specific, we hope to increase our sales outside Japan from our current sales of US$4 billion to US$12 billion by 2028, and become a proud world-class logistics company.”
Both companies have received all necessary approvals with respect to Nippon Express’ acquisition of a 22 per cent stake in FSC. This includes approval from the Competition Commission of India, FSC shareholders, BSE Limited and the National Stock Exchange of India Limited.
-- BERNAMA
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