Chennai, Dec 5 (UNI) TVS Logistics Services limited (TVS LSL) has joined hands with US-based Global Rush - part of US Dollar one milion minority enterprise owned by Andra Rush to launch 'TVS America'.
This Joint Venture (JV) would enable a door-to-door logistics gateway to and from India for import and export and offer component assembly, ware housing, distribution, product engineering, quality and sourcing services, TV LSL Director R Dinesh told newspersons here today.
The tie up will provide competitive and global quality to Indian suppliers to reach the North American market, he added.
Mr Dinesh said "initially, TVS America will provide sourcing, export and import logistics services to automotive manufacturers and suppliers with plans to expand to include other engineering products".
Prior to signing, this JV, TVS Logistics had been working with Global Rush as an alliance partner and the turnover of the tieup was expected to exceed Rs 25 crores in the first year and exceed Rs 250 crores within five years, he claimed.
He said the JV would not only provide expertise to Indian suppliers but has already lined up various suppliers in China with whom Global Rush have been working for a long time now.