InterGlobe, UPS in 50:50 joint venture to dive into India logistics market

Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

Billionaire airline owner Rahul Bhatia’s InterGlobe Enterprises is foraying into a new business -- logistics and cargo. InterGlobe has formed a 50:50 joint venture with Atlanta-based logistics giant United Parcels Service (UPS).

People aware of the development said that UPS was scouting for a local partner to grow its business in India which has largely stagnated when compared with its global peers like DHL and FedEx. UPS floated a company, Iris Transportation Service, in 2021 in which InterGlobe picked up a stake of 50 per cent around the middle of last year.

Though the spokesperson for the company didn’t respond to queries