East West Holdings Ltd. plans through its wholly owned subsidiary East West Freight Carriers Ltd. (EWFCL) to provide turnkey project-based logistics services to micro, small and medium-sized enterprises (MSMEs) and large corporations interested in setting up manufacturing units with no delay in project delivery.
Typically, large turnkey projects require specialized integrated service capabilities with the ability to balance potential and foreseeable on-site challenges to provide the customer with seamless execution.
The BSE-listed company, which operates in the B2B segment, said it has used the economic contraction during the COVID-19 phase to realign its focus and geographic reach to create and expand such supplies.
Regarding the MSME sector, Vivek Anand Oberoi, Chief Strategy Adviser, East West Holdings Ltd. said: “The experience with COVID-19 has shown us that there is a need to create specific industries that specialize in handling different Concentrate requirements, also in the B2B segment.”
“These are complemented by factors such as the stimulus the government is giving to the manufacturing sector, which is also responsible for the growth of India’s logistics and supply chain industry,” Mr Oberoi said.
“This requires the Indian logistics sector to target exponential growth of 20-30% for companies that are future-ready in logistics,” said the actor-turned-business-strategist-entrepreneur.
He also added that the organization has the potential to add £50m to their topline in two years due to their connection in West Asia.
The company also plans to move into hazardous goods and hazardous materials logistics.
“Given the learnings from COVID-19, there has been a particular focus on creating dedicated capabilities in the supply chain and logistics of hazardous and hazardous materials. This industry requires specialized teams with the expertise in handling, transporting and managing hazardous and hazardous materials,” he added.
“Today, East West Holdings can confidently say that we acquired the skills during COVID-19 as a natural response to business needs and demonstrated them with successful project deliveries,” said Mr. Oberoi.
The Company is working to identify and launch more specialized industries which are expected to be announced soon.
The logistics sector in India is estimated to be a $200 billion industry contributing over 14% to India’s GDP.
