Country for PR: Japan
Contributor: Kyodo News JBN
Friday, December 13 2019 - 17:00
Future Supply Chain and Nippon Express Strategic Partnership Aspiring to Be India's Leading Logistics Player
MUMBAI, India and TOKYO, Dec. 13, 2019 /Kyodo JBN-AsiaNet/ --

- Sign Business Collaboration Agreement to Generate Synergies; Nippon Express 
Has Received All Requisite Approvals to Acquire 22% Stake in FSC -

Nippon Express Co., Ltd., acting through its subsidiary Nippon Express (South 
Asia & Oceania) Pte. Ltd. (hereinafter "Nippon Express") and Future Supply 
Chain Solutions Limited (hereinafter "FSC") signed a business collaboration 
agreement (BCA) in Mumbai on December 11 to jointly explore growth 
opportunities for new and existing customers based on their strategic 
partnership and business collaboration and expand revenues for both the 
companies. The two companies will jointly start the business collaboration in 
January 2020. 



Photo1: Future Group Founder and CEO Kishore Biyani (L), Nippon Express 
Chairman and Representative Director Kenji Watanabe (R)

Photo2: Group photo at the ceremony

The partnership will jointly leverage Nippon Express' competency in diverse 
sectors for the Indian market aspiring to become India's leading logistics 
player. FSC will demonstrate its 3PL and express logistics operations, 
attracting potential new business opportunities from Nippon Express' existing 
Japanese and MNC clients. Both the companies have agreed to formalize a 
steering committee and Nippon Express will depute its representatives to 
operate alongside FSC's management.

Nippon Express and FSC aim to pursue three business strategies through this 
1. Offer FSC's integrated and high-quality service offering to Japanese and 
other foreign customers of Nippon Express who are currently doing business in 
India and are planning to penetrate into the Indian market in near future. 
2. Offer Nippon Express' global logistics services to Indian customers via FSC. 
3. Increase FSC's operational efficiencies through introduction of 
latest/global technologies and process improvements /Kaizen activity.

Commenting on the strategic partnership, Satoshi Horikiri, Senior Managing 
Executive Officer and Chief Managing Officer of International Business 
Headquarters at Nippon Express, said, "I am very happy to announce that Future 
Supply Chain Solutions and Nippon Express have both signed a business 
collaboration agreement. This partnership will form an important part of our 
long-term vision of becoming a logistics company with a strong presence in the 
global market through dynamic growth. To be specific, we hope to increase our 
sales outside Japan from our current sales of US$ 4 billion to US$ 12 billion 
by 2028 and become a proud world-class logistics company."

Commenting on the transaction, Mayur Toshniwal, Managing Director at FSC, said, 
"I am pleased to share that Nippon Express has joined the FSC family as a 
strategic partner. Together we will provide a best-in-class supply chain 
service offering to our customers in India, given our complementary skill sets 
and domain expertise. We are excited about the business expansion potential and 
revenue synergies from this partnership and remain committed to deliver 
significant value to our stakeholders in the long term." 

Nippon Express and FSC have received all necessary approvals with respect to 
Nippon Express' acquisition of a 22% stake in FSC, announced on September 20, 
2019. This includes approval from the Competition Commission of India, FSC 
shareholders, BSE Limited and the National Stock Exchange of India Limited.

About Future Supply Chain Solutions Limited
About Nippon Express
Forward-looking Statements

Nippon Express website:

Official LinkedIn Account: NIPPON EXPRESS GROUP

Source: Nippon Express Co., Ltd.
        Future Supply Chain Solutions Ltd.