TVS Supply Chain Solutions Signs Pact With Japan-Based Sankyu Inc To Collaborate Across Services

TVS Supply Chain Solutions on Monday said it has signed an initial pact with Japan-based Sankyu Inc to collaborate across supply chain and engineering services.

As part of the memorandum of understanding (MoU), Sankyu intends to acquire a 0.5% stake in TVS Supply Chain Solutions (TVS SCS), subject to customary regulatory approvals.

Under the partnership, the companies will explore opportunities to deliver enhanced value through a broader portfolio of solutions spanning logistics, warehousing, transportation, engineering services, maintenance and on-site industrial support.

The collaboration will initially focus on opportunities in India, where both companies see significant potential to support manufacturing and industrial customers through a broader range of supply chain and engineering services, TVS SCS said in a statement.

Over time, the collaboration is expected to expand into other markets across Asia, the Middle East and Africa, leveraging the combined capabilities of both organisations.

"This partnership represents an important step in our strategy to strengthen our capabilities and create greater value for customers.

Sankyu's engineering expertise and deep relationships across the Japanese industrial ecosystem complement TVS Supply Chain Solutions' integrated supply chain capabilities, strong customer relationships and market presence," said R Dinesh, Chairman, TVS Supply Chain Solutions.

Both entities will establish a joint steering committee comprising representatives from both organisations. The committee will identify growth opportunities, oversee strategic initiatives and support the development of integrated solutions aimed at delivering enhanced value to customers and other stakeholders.

"Our two companies possess a strong strategic alignment, and by integrating and complementing our respective strengths, we look forward to achieving collective growth in the global market and contributing to sustainable industrial development," said Kimihiro Nakamura, President and CEO at Sankyu Inc.