Post Date : May 26, 2022
UPS, a global leader in logistics and InterGlobe Enterprises, a renowned Indian conglomerate, today launched a new joint venture MOVIN, a new logistics brand to serve the needs and demands of the fast-paced Indian market. This newly launched brand hopes to transform the Indian B2B logistics segment which is dotted with highly competitive brands like Delhivery, Ecom Express and the likes.
MOVIN will offer a range of extensive express and premium service coverage across India with a strong portfolio of B2B domestic services, including day-definite and express, time-definite solutions, which will give businesses better predictability and greater competitiveness to integrate into the global value chain swiftly. MOVIN is well-positioned to provide efficiencies, stronger distribution channels, advanced technology, and global best practices.
India’s growth towards a $5 trillion economy will be largely supported by the growth of local businesses and logistics which are key contributors to India’s economy. I am confident that InterGlobe’s deep understanding of the Indian market, combined with UPS’s 114 years of logistics expertise will make this venture a success.”~ JB Singh, Director, InterGlobe Enterprises
Singh said that InterGlobe’s foray into the logistics industry with MOVIN will contribute to the rapid development and business growth in India and their aim is to enable and facilitate trade, commerce and employment in the country.
Leveraging UPS’s global logistics expertise combined with InterGlobe’s deep understanding of the Indian market, MOVIN will build technology-backed solutions that will link companies across the country to international businesses with speed, reliability and enhanced digital customer experience. MOVIN plans to offer seamless integration across air and ground networks to B2B customers, enabling an uninterrupted flow of goods that is backed by consistent, predictable and responsive operations.
UPS is excited to launch this new venture with InterGlobe Enterprises. Together we will empower local businesses to grow and connect them to trade opportunities around the world. With a strategy of customer first, people led, Innovation driven, UPS further expands its global network, including healthcare solutions, through a unique partnership that creates a suite of services to serve B2B customers’ need to grow.”~ Ufku Akaltan, UPS President Indian subcontinent, Middle East and Africa
Headquartered in Gurugram, MOVIN will launch its operations in a phased manner and will ramp up in July of 2022 starting with Mumbai, Delhi NCR and Bengaluru – with more expansions to other metros and cities across the nation to follow.
UPS and InterGlobe Enterprises formed a joint venture, IRIS Transportation Services Put Ltd. in
order to create MOVIN.