TVS Supply Chain, Japan's Sankyu sign pact to collaborate across services
TVS Supply Chain Solutions on Monday said it has signed an initial pact with Japan-based Sankyu Inc to collaborate across supply chain and engineering services.
As part of the memorandum of understanding (MoU), Sankyu intends to acquire a 0.5 per cent stake in TVS Supply Chain Solutions (TVS SCS), subject to customary regulatory approvals.
Under the partnership, the companies will explore opportunities to deliver enhanced value through a broader portfolio of solutions spanning logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support.
The collaboration will initially focus on opportunities in India, where both companies see significant potential to support manufacturing and industrial customers through a broader range of supply chain and engineering services, TVS SCS said in a statement.
Over time, the collaboration is expected to expand into other markets across Asia, the Middle East and Africa, leveraging the combined capabilities of
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