Newsletter
TVS Supply Chain Solutions has signed an MoU with Japan’s Sankyu Inc. to explore new business opportunities in the supply chain and logistics space.
Sankyu also plans to buy a 0.5% stake in TVS SCS, subject to regulatory approvals.
The deets: TVS SCS will bring its logistics and supply chain expertise, while Sankyu brings engineering and factory support. Together, they can offer manufacturers services ranging from moving and storing goods to maintaining equipment and supporting factory operations.
The partnership will start in India, with both companies looking for new customers and projects. Over time, they plan to expand into Asia, the Middle East and Africa.
Why does this matter: The partnership comes as India’s logistics market grows from $243.8 billion in 2025 to a projected $429 billion by 2034, at the rate of 6.48%.
E-commerce, Make in India, rising consumption and the National Logistics Policy are driving this growth. 3PL services account for 48% of the market, while road transport makes up 55%.
There’s also a ready customer base: 1,400+ Japanese companies operate across India’s manufacturing and industrial sectors. For TVS SCS, that means access to more Japanese customers and global markets; for Sankyu, a stronger foothold in India’s growing manufacturing ecosystem.
IMARC
