News / Allcargo opts for asset-light growth strategy, selling non-core business

Credit Allcargo Project Division.

India’s leading 3PL, Allcargo Group, has begun to sell its non-core businesses.

The operator is looking to drive growth around “asset-light or non-asset” logistics services, a portfolio prominently featuring non-vessel-operating common carrier (NVOCC) and consolidation operations.

Allcargo, parent of ECU Worldwide, yesterday announced the signing of a Rs986.4m ($13m) definitive agreement to sell its project forwarding and logistics arm to JM Baxi Group, a  Mumbai-based maritime organisation.

“This [deal] will be good for the industry, customers and employees,” said Adarsh Hegde, joint MD ...