An Indian-owned business house in Dubai has signed an MoU with a Japanese company to form a joint venture for exploring business opportunities in the logistics sector within the Indian subcontinent apart from Middle East and Japan. Transworld Group and Yokohama-based Suzue Corporation have signed a MoU for the formation of a joint venture company which will capitalise in providing services like international freight forwarding, customs clearance, warehousing services, land transport services and other related logistic services.

While Transworld Group’s logistics arm in the Middle East, Transworld Logistics FZE, will handle operations in the United Arab Emirates and Middle East, Shreyas Shipping and Logistics Limited, part of Transworld Group, will manage the business in the Indian Sub-continent and Suzue Corporation will oversee the Japan end.