UAE-based third-party logistics provider RSA Global has expanded outside the region for the first time with a strategic investment into Meesan Logistics in Mumbai, India.
RSA Global has acquired a majority stake in Meesan Logistics, whereby both companies will develop their joint expansion plans in the Indian market.
The two entities look forward to enhancing the entire range of logistics solutions currently offered in India, including contract logistics, freight, road transportation, and on-site logistics, RSA said in a statement.
This marks RSA Global’s first major step in global expansion, a move that has been expected by the industry since the company re-branded as RSA Global (formerly RSA Logistics).
India has recently introduced the Unified Tax Regime (GST), which is expected to simplify the distribution network by creating a business environment that allows for smaller warehouses to merge into centralized regional hubs.
Furthermore, the new regulations will create a favourable climate for high-scale results from process optimization, to support the Indian market’s moves towards advanced third-party logistics services, according to RSA.
“This new partnership is a milestone development for RSA Global, as we merge our experience, valuable human capital and technology with Meesan Logistics’ reputable position in the Indian market,” said Abhishek Ajay Shah, co-founder and group CEO of RSA Global. “Meesan Logistics shares our vision when it comes to technology, quality, health & safety, agile decision-making, and our hunger for growth.”
“As of today, this strategic partnership now provides services in eight Indian cities and will offer global reach to our Indian customers. In addition, our Middle East & African customers will have greater, more seamless exposure to the Indian market,” he said.
India is a key location for RSA Global, as it serves as a hub between Asia and the Middle East, and it plays a vital role in global logistics, Shah added. “Given that the regulatory framework in India is rapidly changing, supply chain infrastructure is undergoing a transformation, and we are proud that our technological innovation and skilled workforce can support this important evolution,” he said.
Gaurav Saluja, CEO, Meesan Logistics India added: “We are excited to be partnering with RSA Global to take our company to the next level in offering the most efficient and innovative logistics solutions to our clients. RSA Global embodies our core values focused on maintaining the highest standards of customer service and loyalty, performance development and environmental sustainability, as well as aligning with our vision for global expansion.”
The strategic partnership between RSA Global and Meesan Logistics India takes effect immediately. The first steps of implementation will see an upgrade in technology and health, safety, security and quality (HSSEQ) standards.