The Indian subsidiary of Falcon Maritime and Aviation, Falcon Maritime India Pvt. Ltd. (FIMPL), has merged its operations across India with Tiger Logistics India (TLI), the companies announced on Monday.
The merger, which is creating Tiger-Falcon Logistics in India, will strengthen U.S. trade in India, as well as trade between the Middle East and India, the companies said.
“India has been an important market for us for over two decades,” said Richard A. Shelala, president of Falcon. “The Indian market has grown exponentially, and if we are going to continue to grow alongside this exciting market, we believe that our best bet is with a strong local partner. Tiger is a great company with similar values to ours. We are both committed to innovating technology and offering the highest level of customer service in the market.”
Under the merger, Tiger will take over operations, folding Falcon offices and personnel into its existing network, which includes offices in Mumbai, New Delhi, Nashik, Pune, Kolkata, Ahmedabad, Veraval, Mundra, Hazira, Morbi, Vadodara, Kanpur, Ludhiana, Jaipur, Bengaluru and Chennai.
“We are very excited about this new partnership,” said Harpreet Singh, managing director of Tiger. “We now not only have a strong market position in India, but this merger allows for us to truly explore all of the potential in the Arabian Peninsula, Latin America and Europe. Our priority right now is a smooth and fast integration of our organizations.”
Falcon Maritime and Aviation is an American non-vessel operating common carrier (NVOCC) headquartered in New York. Its Indian subsidiary has maintained a presence in India since 2009, with offices in Mumbai, New Delhi, Ahmedabad and Ludhiana.
Tiger Logistics has experienced yearly growth averaging 28 percent, and is one of the youngest companies to be listed on the Bombay Stock Exchange.
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