Foreign direct investment in Logistics

Volvo India, makers of heavy tonnage trucks and buses have also got approval from FIPB to "To undertake additional activities of carrying on the business of logistics, freight forwarding, carriers of goods by roads and water, transport, commission, clearing and forwarding agents, cargo agents, packers, warehousemen, storekeepers and allied services."
The proposal of Geodis of France, a global logistics major, to invest Rs 0.22 crore, for a 15% investment into Wilson Sandhu Logistics got approved by the forgein investment Promotion Board (FIPB).
Quinn Logistics of Sweden’s proposal to invest Rs 225 crore into a holding company that will invest in FDI compliant construction development activities went through.
Exel Logistics is in the list for “ Infusion of funds equivalent to to Euro 32.6 millions by M/s. Deutsche Post International B.V. by way of subscription of equity shares with no voting or dividend rights. The company is engaged in freight forwarding operations, ware housing and distribution services. Proposal also attracts Press Note 1 (2005 series). The value is Rs 189.54 crore.
Duestche Post's proposal to raise their stake in DHL Danzas Lemuir from 49% to 51% for a consideration of Rs 0.5 crore also went through. We understand DHL is close to resolving any issues with the Parekh family of Lemuir, which would clear the path for DHL Global Forwarding in India.