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CCI, Allcargo form JV to gain from GST rollout

Warehousing division of CCI Logistics Ltd-- Hindustan Cargo Ltd-- and contract logistics division of Allcargo Logistics on Thursday announced a logistics joint venture -- Avvashya CCI Logistics Private Limited.
 
Allcargo will hold 62% stake in the company, while the promoters of CCI, balance 38%. Among the focus areas will be contract logistics space as Goods and Services Tax (GST) has been cleared by the Union government.
 
 

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