Aqua Logistics starts Middle East subsidiary

Mumbai, Oct 7 (Calcutta Tube) Third party logistics firm Aqua Logistics Wednesday launched its Middle East operations and hoped to generate a business of Rs.80 crore next year.

‘Aqua Logistics Limited has started its operations in Middle East market through its subsidiary in Sharjah and Jumeriah free trade zone to provide an end-to-end supply chain service,’ the company said in a statement.

The subsidiary would target a business of Rs.80 crore and generate a profit of about Rs.6 to 8 crore next year, it said.

‘Aqua logistic will cater to a very large market opportunity in the Middle East market, Dubai also incidentally serves as an important trade link to Europe as well,’ statement said.

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