TVS Supply Chain Solutions (TVS SCS) and Japan-based Sankyu Inc have signed a memorandum of understanding (MoU) to explore collaboration across supply chain and engineering services. Under the initial agreement, Sankyu intends to acquire a 0.5 per cent stake in TVS SCS, subject to customary regulatory approvals. The partnership will focus on creating integrated solutions covering logistics, warehousing, transportation, engineering, maintenance and on-site industrial support. The collaboration will initially target opportunities in India, particularly in supporting manufacturing and industrial customers with a wider range of supply chain and engineering services. Over time, the companies plan to explore expansion across markets in Asia, the Middle East and Africa by combining their respective capabilities and industry networks. TVS SCS Chairman R Dinesh said the partnership would strengthen the company’s capabilities and create greater value for customers, with Sankyu’s engineering expertise and strong links with Japanese industry complementing TVS SCS’s integrated supply chain operations and market presence. A joint steering committee comprising representatives from both organisations will identify growth opportunities, oversee strategic initiatives and support the development of integrated solutions. The partnership marks a step towards deeper cooperation between the two companies and aims to enhance their ability to serve industrial and manufacturing customers across multiple markets.
Sankyu Plans 0.5% Stake in TVS Supply Chain Solutions
