The Hindu Business Line : Seaways Rhenus begins operations in India

It is a 50:50 joint venture between Rhenus AG (a subsidiary of the Euro 2.4-billion German major - the Rethmann Group) and Hyderabad-based Seaways Shipping.

The launch was followed by a seminar on `Global trends in logistics', organised by the Indo-German Chamber of Commerce.

The company, which will be providing door-to-door supply chain management solutions on the India-Europe trade corridor, will be investing Rs 100 crore initially for setting up the necessary infrastructure.

"Subsequently, our investments will depend on the market opportunities that emerge. We will be targeting the automobile and chemical sectors, where we see substantial opportunities for third party logistics (3PL) services," Mr P. Vivek Anand, Director of Seaways Shipping, told presspersons.

The services that the company is offering include international freight forwarding, contract logistics, warehousing & inventory management, inter-modal transportation and distribution, web-based logistics, and bonded cargo storage. "One new service that we will be introducing in India as part of supply chain management is recycling or reverse logistics. We will undertake collection of old or damaged goods like computer hardware or electronic items, arrange for their re-cycling and deliver the re-cycled raw materials to the manufacturer," according to Mr Anand.

While Rhenus has such recycling plants in Germany, the joint venture entity will be setting up similar plants in India, depending on the market requirement.

Mr Ulrich Schorb, Director of the Rhenus Group, said the Indian logistics market was growing as business houses were increasingly outsourcing their logistic requirement to 3PL service providers. "Our experience has shown that business houses could save between 10 per cent and 15 per cent of their logistics costs by outsourcing," he pointed out.

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