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Homegrown Tiger Logistics (India) on Friday said it has signed an agreement with Bagladesh-based Sikder Group to establish a Joint Venture (JV) for global trade. Sikder Group handles the development and operations of the Mongla Economic Zone at Mongla Port, which is the second-largest seaport in Bangladesh, Tiger Logistics (India) said in an exchange filing. The development comes in continuation of the strengthening of connectivity between the two nations, as Bangladesh granted India permanent access to Chattogram and Mongla Port in April 2023. Recognising the increasing demand for international logistics, particularly between India and Bangladesh, the company aims to play a pivotal role in stimulating economic growth in the region. Tiger Logistics (India) Ltd announced the signing of a Memorandum of Understanding (MoU) with PowerPac Holdings Limited, a concern of Sikder Group, Bangladesh, to formalise a strategic partnership and establish a joint venture (JV) in the logistics sec
Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicle and intermediate & light commercial vehicle range, suited for logistics operations of VRL Logistics, the Mumbai-based automaker said in a statement. The vehicles were selected basis the superior drivability, high fuel efficiency and low total cost of ownership, which will enable VRL Logistics to increase its fleet efficiency, it added. "We endeavour to engineer our vehicles to offer the lowest total cost of ownership and our widest service network will ensure best-in-the-industry service support in all corners of the country. We look forward to a fruitful partnership with VRL Logistics and will offer the best support for their seamless operations," Tata Motors Commercial Vehicle Business Unit Vice President, Sales & Marketing Rajesh Kaul noted. Tata Motors said its commercial vehicles are designed and engineered on the ...