Global financial crisis not to hit India's logistics sector: TVS SCS

Firm's CEO K Sukumar indicates that the rise in domestic consumption and growth in end-user industries has insulated the sector from the meltdown

India’s logistics sector may be unaffected by the current global financial meltdown, driven by a rise in domestic consumption and growth in end-user industries, while it will also open up opportunities for the country to become a global manufacturing hub,  K Sukumar, India chief executive officer of IPO-bound TVS Supply Chain Solutions (TVS SCS) has said.

TVS SCS, part of the Rs 15,000 crore TVS Mobility Group and one of the largest companies in the TVS fold, is looking to raise about Rs 2,000 crore through its initial public offering (IPO). This will be the first TVS family member-promoted company to