Nippon Express acquires 22% stake in India's FSC

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Japan’s Nippon Express has bought a 22% stake in India’s Future Supply Chain Solutions (FSC) for some $90.4m. The acquisition brings a seat on the FSC board as it taps into India’s logistics market. According to Hindu Business Line: “FSC and Nippon Express will jointly evaluate leveraging Nippon Express’s competency in diverse sectors for India. FSC plans to leverage Nippon Express’s Japanese and MNC clients for exploring new business opportunities in India, especially for 3PL and express logistics operations”.