AF Ferrari brings US$10 mn to India

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.”