By IANS,
New Delhi : Mukesh Ambani-promoted Reliance Industries Ltd (RIL) Friday announced its investment in freight carrier Deccan 360.
In a regulatory filing, the RIL said the investment was being made by a wholly owned subsidiary of RIL. The investment, it said, would help Deccan 360 to increase its air and surface network coverage of the country.
RIL did not reveal any investment details.
“We believe that our collaboration with Deccan 360 will see a transformation in the logistics domain in India. We are sure that this initiative will propel the customer experience to the next level,” Ambani, chairman and managing director of RIL, said in a statement.
Captain G.R. Gopinath, chairman and managing director of Deccan 360, said the partnership with RIL will enable the carrier to create a world class logistics service.