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Allcargo Logistics’ parent forms a new joint venture

Logistics operator Avvashya Group Thursday said it has formed a new company by consolidating three of its businesses.
The new venture, to be called Avvashya CCI Logistics Pvt. Ltd, brings together its warehousing division CCI Logistics Ltd, Hindustan Cargo Ltd and the contract logistics division of Allcargo Logistics Ltd, a listed group company. Avvashya CCI Logistics will specialize in end-to-end logistics, contract logistics and supply chain management, the company said in a statement.
Avvashya Group is the holding company of these companies engaged in port logistics, contract logistics and third party logistics (3PL) including warehousing. Indian companies spend an average of 6-8% of sales towards logistics.
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