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Establish Joint Venture Company in India

With intention of establishing joint venture company (JVC) in India, Suzue Corporation and India-headquartered Shreyas Shipping and Logistics Ltd. (hereinafter referred as "Shreyas Shipping") which provides vessels and shipping business and incidental logistics services held signing ceremony for joint venture agreement (JVA) at the hotel in Mumbai, India on June 12th, 2017.
Going forward we will be conducting the registration procedures shortly.

The mother company of Shreyas Shipping, Transworld Group was established in 1976 and has the history of 40 years, and runs their business mainly in United Arab Emirates (UAE) with offices in India and the United States of America (USA) as their basis. Our new partner in India, Shreyas Shipping is the first to service domestic containerized cargo movement at all main ports and container terminals on the Indian coast, and is also listed on Bombay Stock Exchange and National Stock Exchange of India Ltd.

Shreyas Shipping has their own fleet of 10 vessels and chartered vessels, and mainly offers services covering all main ports and container terminals on the Indian coast, services to the Middle East and Bangladesh and also develops their services to connect Indian Subcontinent and Middle East / Arab countries.

Through this JVC in India, adding to the logistics networks and services at Southeast Asia and the Far East which Suzue Corporation has been building up so far, we are newly aiming at expanding and beefing up the networks to South Asia, the Middle East and Arab countries.

We, Suzue Corporation will make every effort to meet the demands of customers who promote business globalization down the road.

[ Outline of JVC ]

Country Republic of India
Type of Contract Joint Venture Agreement
Name of Incorporation Shreyas-Suzue Logistics (India) Private Limited
Name of Partner Shreyas Shipping and Logistics Ltd.
Capital INR10,000,000 (Rupee)
(JPY17,000,000)
Joint Venture
Contribution Ratio (%)
Suzue 50%
Partner(Transworld Group) 50%
Location of JVC Mumbai, India

 

June 12th, 2017 at Mumbai, India

[Shreyas Shipping and Logistics Ltd. Container Ship]