AF Fer­rari brings US$10 mn to In­dia

Cargo Talk - - Front Page -

Apollo Fiege, a joint ven­ture be­tween Apollo LogiSo­lu­tions, In­dia and FIEGE Lo­gis­tics, Ger­many has formed a joint ven­ture with the Fer­rari Group to of­fer end-to-end se­cure lo­gis­tics so­lu­tions in In­dia to the di­a­monds, gems and jew­ellery plus lux­ury ver­ti­cals.

The joint ven­ture part­ners have com­mit­ted to invest US $10 mil­lion over the next two years in this joint ven­ture ‘AF Fer­rari’.

Com­ment­ing on this as­so­ci­a­tion, Raaja Kan­war, Vice Chair­man and Man­ag­ing Di­rec­tor, Apollo LogiSo­lu­tions, said, “This new JV will al­low our cus­tomers a com­plete range of freight and lo­gis­tics ser­vices across the coun­try and all over the world.”

Marco Deiana, Man­ag­ing Di­rec­tor, Fer­rari Group, said, “We are ex­cited to part­ner with Apollo Fiege In­te­grated Lo­gis­tics. Their fo­cus on de­liv­er­ing ser­vice and value to the client closely aligns with our own. Through this part­ner­ship with Apollo Fiege, we hope to do what we have done in the other coun­tries and help build In­dia’s stel­lar jew­ellery and lux­ury prod­ucts in­dus­try.”

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