TDG has entered a strategic agency agreement with John Keells Holdings to cover freight forwarding services between Europe and India and Sri Lanka.
The partnership will enable both companies to accelerate growth of ocean and airfreight and activity between the regions.
John Keells Logistics (JKL) provides international and regional sea, air, multimodal and project cargo logistics. It operates in Sri Lanka, India and Maldives. JKL is a wholly owned subsidiary of John Keells Group, Sri Lanka’s largest diversified conglomerate, with a portfolio of over 70 subsidiaries across seven strategically different sectors of the economy. It owns and operates, arguably, Sri Lanka’s largest private sector transportation business.
Director of International Services for TDG David Barron commented: “We see the trade lanes between India and Sri Lanka and our European locations to be of huge importance to the Group and are delighted to have found a partner with similar ambitions for growth. We expect double digit growth on our returns from this venture and are dedicating the necessary resources from both sides to ensure it is a success.” This agreement is just one of a number of global expansions that TDG has planned. It is also looking at developing a domestic logistics presence in India, and is already dedicating resource into research and agreement of a market entry strategy there.
TDG’s strategic move into India forms part of the groups global expansion programme for 2010/2011, which includes enhancing its presence within Central and Eastern Europe, the Far East, USA and Africa.
“Having established a robust European platform for freight forwarding operations, we are now focusing our attention on giving TDG a significant presence in the core overseas markets in which we trade – the next step in positioning TDG as a global supply chain business.” TDG currently operates freight forwarding offices in the UK, Ireland, Benelux, Hungary and Spain.