Global Infologistics in pact with U.S. firm

By Our Corporate Reporter

CHENNAI, JAN. 19. Global Infologistics, a Chennai based firm (founded by Mr. V. Ramasamy and associates experienced in IT related projects), is teaming up with Global Logistics Services inc. of the U.S. for providing backup services for the latter.

Addressing presspersons here today Mr. V. Ramasamy said the U.S. company, incorporated in the state of Delaware, would be concentrating on business to business and business to consumer (B2B and B2C) e-business and e-commerce solutions for the customers in the U.K. and Europe.

He said both the companies had entered into a joint venture agreement on a 50:50 basis in the Indian as well as overseas operations. In the first phase the Indian operations would involve an investment of Rs. 6 crores, he said.

Mr. Michael Tallent, one of the founders of the Global Logistics Services inc., said the proposed infrastructure in the U.S. and the U.K. would cost $ 4 million (Rs. 17 crores) and in the first three years the overseas operations would earn a total revenue of $200 million.

Mr. T. K. Rangasamy, a director of Global Infologistics said the company was on the look out for a space in Tidel Park (IT infrastructure complex), coming up near Chennai.

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Section  : Business
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