The Ferrari Group enters India with a joint venture with Apollo Fiege

Apollo Fiege, a joint venture between Apollo LogiSolutions, India and FIEGE Logistics, Germany has formed a joint venture with the Ferrari Group to offer end-to-end state-of-the-art secure logistics solutions in India

Gurgaon, Haryana, October 29, 2014 /India PRwire/ -- Apollo Fiege, a joint venture between Apollo LogiSolutions, India and FIEGE Logistics, Germany has formed a joint venture with the Ferrari Group to offer end-to-end state-of-the-art secure logistics solutions in India to the Diamonds, Gems & Jewellery plus Luxury verticals. The joint venture partners have committed to invest USD 10 million over the next two years in this joint venture named "AF Ferrari".

AF Ferrari will offer integrated and one-stop-shop' logistics solutions in the field of secure transportation, domestic and international multi modal transportation, customs brokerage, exhibitions support, bespoke and tailor made solutions & consultations, warehousing & contract logistics and signature services like precious metals, diamonds & gems, high-technology components and luxury products including art.

Commenting on this association, Raaja Kanwar, Vice Chairman and Managing Director, Apollo LogiSolutions, said, "Buoyed by globalization coupled with India`s passion for jewelry, the market for luxury and jewelry have been growing at 20% and 10% respectively in the last 5 years. This, in turn, has led to a huge demand for organized secured logistics solutions. The Ferrari Group understands this industry and also matches our drive, passion and aspiration. This is a perfect match of logistics experience, service quality, timelines, flexibility, responsiveness and accurate solutions for customers. This new JV will allow our customers a complete range of freight and logistics services across the country and all over the world."

Marco Deiana, Managing Director, Ferrari Group, said, "We are excited to partner with Apollo Fiege Integrated Logistics Pvt. Ltd. Their focus on delivering service and value to the client closely aligns with our own. Through this partnership with Apollo Fiege, we hope to do what we have done in the other countries and help build India's stellar jewelry and luxury products industry and facilitate them to reach out to the international market. Together, we will be able to provide world-class secure logistics solutions on an integrated technology platform at a competitive price."

The joint venture company will operate across India through its offices across Delhi, Mumbai, Gurgaon, Jaipur, Surat, Hyderabad, Chennai, Bangalore and Kolkata. It will enable the delivery of a comprehensive suite of supply chain solutions to both multinational and local corporations. The company is looking at achieving a topline of US$ 20 million and an EBITA of 30%-35%, by the end of the second year.

Notes to Editor

About AF Ferrari Secure Logistics Private Limited:

AF Ferrari is a 60:40 joint venture between Apollo Fiege and Ferrari Group. The combination of three (Apollo LogiSolutions, Fiege and Ferrari) big giants in the logistics industry brings together the expertise and capabilities of the secured logistics management of diamonds, gems & jewellery and luxury goods as well as end-to-end logistics solutions in India, hence providing a bridge for customers between India and the world.

About Apollo Fiege Integrated Logistics Pvt. Ltd.

Apollo Fiege is a joint venture between Apollo LogiSolutions Ltd., India and FIEGE Logistics, Germany brings the well-known expertise, efficiency and dependability of FIEGE in the field of contract logistics on one hand, and the keen insights, network and reach of the Apollo LogiSolutions team in the Indian logistics landscape on the other. The services offered by APOLLO FIEGE include the generic business of freight forwarding through air and ocean along with secured short-term storage for valuables in transit, customs brokerage, where the company will assist customers to interface with the customs department during shipment imports or exports as per various classifications, contract logistics and transportation services.

Apollo FIEGE Integrated service platform is outfitted with operational expertise and solution capabilities across the entire logistics spectrum catering to Freight Forwarding, Customs Clearance, Projects and other 3PL logistics requirements through its vast global network. We have a team of over 200 associates with expertise in freight handling, customs brokerage, contract logistics and project Logistics led by an experienced management team, to provide integrated end-to-end solutions for customers in India and abroad.

About Ferrari Group

A leader in the industry with over 50 years of experience, Ferrari Group provides one-stop solutions for the logistics management of precious and luxury goods to a vast profile of clientele, including global fashion and luxury brands, jewellery manufacturers and distributors, businesses with high-technology components, precious stones producers as well as end consumers. Ferrari Group's global headquarters is located in Italy with 80 logistics offices in 50 countries, employing hundreds of professionals chosen for their abilities and experience to deliver high quality services for our customers. With increasing demands from our varied clients, Ferrari Group has developed tailor-made services as a unique selling point, setting us apart from the competition. Through years of experience, the company has gone through constant innovation in security procedures, import and export, customs support, event organization, international show support, supply chain, warehousing and logistics activities. The company offers quality service, timeliness, flexibility and responsiveness with accurate and customised solutions for high-value merchandise and commodities.

Website - http://www.apollofiege.com/, www.ferrarigroup.net

Journalists and Bloggers
Visit India PRwire for Journalists for releases, photos, email alerts and customized feeds just for Media.

If you have any query regarding information in the press releases, please contact the company listed in the press release itself. Please do not call India PRwire, we will be unable to assist you with your inquiry.