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FedEx pumps $100 mn in Delhivery to unlock India's cross-border trade
TIWN
FedEx pumps $100 mn in Delhivery to unlock India's cross-border trade
PHOTO : TIWN

New Delhi, July 16 (TIWN) Homegrown logistics and supply chain services company Delhivery on Friday announced that global giant FedEx will make a $100 million equity investment in the company to unlock India's international trade potential.

FedEx Express, a subsidiary of FedEx Corp and Delhivery will enter into a long-term commercial agreement. FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in the India market and provide pick-up and delivery services across India.

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