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Logistics service provider Budget Group going global

Logistic News - Published on Tue, 15 Sep 2015

Image Source: Dakota Financial News
Business Line reported that logistics service provider Budget Group is spreading its wings abroad through tie-ups with international logistics companies.

This Delhi-based logistics firm announced strategic alliances with China-based FARDAR Group, Singapore-based Network Courier and also A.J. Worldwide to expand its reach to 11 more countries across Asia, South Asia, Europe and the US.

Mr Manoj Kumar, Founder and Chairman of Budget Group, said that “This international consortium plans to invest close to USD 12 million through credit facility and investments into this partnership.”

Mr Kumar said that besides this investment from overseas partners, Budget Group on its part will invest another USD 3 to 5 million in next 3 to 5 years.

Ms Ma Li Yu, Chairperson FARDAR Group, said that “Given the growing nature of manufacturing industry and e-commerce penetration in India, there is huge opportunity for international collaboration to stay connected in the cross national economy of cargo and logistics space.”

Source :

Posted By : Rabi Wangkhem on Tue, 15 Sep 2015
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