Mitsui’s invests in cold chain logistics industry

Mitsui has invested in TCI Cold Chain Solutions Ltd to meet the country’s growing demand for temperature-controlled logistics solutions. Mitsui’s investment in TCI’s cold chain business builds on over two decades of cooperation between the two companies, dating back to the joint founding in 1999 of Transystem Logistics International Pvt Ltd., a logistics company serving India’s automotive sector with just in time delivery of automobile components and service parts. Faisal Ashraf, Managing Director of Mitsui & Co. India said, “We expect the cold chain logistics industry in India to expand rapidly, now and in a post-COVID world, in response to growing demand from the pharmaceutical sector particularly for COVID-19 vaccines, changing consumption patterns with a growing preference for fresh agricultural produce, and the continued rise of e-commerce.”
Vineet Agarwal, Managing Director of TCI said, “We look forward to joining forces with Mitsui — a familiar and trusted partner — in our cold chain business. Our 60+ years of legacy as one of the leaders in Indian logistics space synergized with Mitsui’s global expertise in logistics and supply chain management positions us well to deliver best-in-class services to the customers.”