Dubai, UAE, 25 April 2018: RSA Global has acquired a majority stake in Meesan Logistics as part of joint efforts to reinforce presence in India, the former company announced via a Press communiqué.
Speaking on the partnership, Abhishek Shah, Co-Founder and CEO, RSA Global, said, “RSA Global and Meesan Logistics share a similar structure and corporate values in that they are both owner-run and operated, place special emphasis on sustainability, are customer-centric and hungry for regional and international growth.” The partnership, Shah said, allows RSA Global to be present in eight Indian cities. Shah added, “India’s regulatory framework 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.”
Furthermore, Shah said, 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 centralised regional hubs. “The new regulations will create a favourable climate for high-scale results from process optimisation, to support the Indian market’s move towards advanced third-party logistics services,” he said.
With RSA Global, Shah said, Meesan Logistics was seeking access to capital for growth, in addition to a wider customer base outside India, as well as a partner with varied expertise in third-party logistics, especially chemical operations. “Meesan Logistics will benefit from the UAE’s inherent strategic location on a global scale,” he said, “which has cemented the country’s place as a leading sea-air multimodal transport hub.” Meanwhile, he said, RSA Global was seeking a partner to expand operations to India, “an equally dynamic and important market on the logistics and overall business scene”. Meesan Logistics, he said, came as a natural choice given its expertise and ability to navigate the local landscape throughout India. RSA Global, Shah said, has plans to expand operations beyond the UAE and Middle East region in key markets and this recent collaboration serves as an initial step towards global expansion.
Hannah Jo Uy is Features Writer at Climate Control Middle East magazine. She may be contacted at hannah@cpi-industry.com
