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FedEx Express Invests $ 100 Million in Delhivery for Indian Market

FedEx Express, the world’s largest high-speed transportation company, and Delhivery, a logistics and supply chain services company, have signed equity and commercial contracts that leverage their combined strength to unlock the potential of India’s international trade. As part of the collaboration, FedEx will invest $ 100 million in Delhibury.

“India is FedEx’s strategic priority. This strategic alliance supports our long-term vision of growing our Indian business and servicing our customers looking to enter or enter the Indian market, as well as in the interests of our customers. We offer the opportunity to develop products and technical solutions with Delhi Berry. ” Raj Subramaniam, President and Chief Operating Officer of FedEx Corp, Said in a press release.

“We are excited to partner with FedEx and look forward to the synergies created between Delhiberry’s capabilities in India and FedEx’s global network. Our aim is our network. Through our unique access to, and our technology and engineering capabilities, we bring new products and opportunities to companies and consumers in India and around the world. ” Sahir Balua, Co-Founder and CEO of Delhi Berry Said.

The two companies enter into long-term commercial contracts. According to the company’s statement, the completion of this transaction is subject to termination conditions, including regulatory approval.

“FedEx Express focuses on international import and export services to and from India, and Delhivery sells FedEx Express’s international products and services in the Indian market in addition to FedEx, providing collection and delivery services throughout India. We will provide specific assets related to our domestic business from India to Delhibury. “

In addition, FedEx Express President and CEO Don Colleran will be appointed to join Delhivery’s board of directors as a further sign of collaboration between the two companies.

The deal combines the strengths of both the FedEx global network and Delhivery’s extensive pan-Indian network and technology solutions. The investment and commercial agreement between the two companies is an important step in deepening FedEx’s commitment to the Indian market and providing innovative services and solutions aimed at improving the speed, efficiency and access of FedEx and Delhivery customers. Is shown.

Fiber2Fashion News Desk (JL)

FedEx Express, the world’s largest high-speed transportation company, and Delhivery, a logistics and supply chain services company, have signed equity and commercial contracts that leverage their combined strength to unlock the potential of India’s international trade. As part of the collaboration, FedEx will invest $ 100 million in Delhibury.



FedEx Express Invests $ 100 Million in Delhivery for Indian Market

Source link FedEx Express Invests $ 100 Million in Delhivery for Indian Market

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