Megaload is born, a joint venture between Express Global

Logistics Pvt Ltd (EXG) and Fagioli

The new company based in Mumbai will carry out handling and lifting projects serving the Indian markets of the Construction, Petrochemical, and heavy industrial sectors.

lifting and heavy haulage capability with engineering resourcestodesignandapplyeconomicalandsafelifting andmoving.

Cont’d. from Pg. 4

Fagioli has been present in India for close to two decades, which organization is now being merged into the new joint venture. The establishment of Megaload represents a strengthening of this presence and is an important new step in Fagioli’s growth strategy in the AsiaPacificarea.

This association of two organizations that are each more than half a century old will ensure that the hungry Indianmarket,withitshugeinfrastructuralplansforthe next decade and more is much better served with an enhanced level of lift and shift capabilities The two companies are a great match, with their combinedhigh-qualityresourcesandexperience.

The JV will cater to the heavy lifting and movement industry in the Indian sub-continent with a large inventory of the latest self-propelled modular trailers (SPMTs), alternative lifting, strand jacks and gantry systems.Itwillservetomeetthegrowingdemandacross the sub-continent for the latest assets and engineering required to serve the large-scale projects that are on the anvil across the region. India is the highest growing economy in the world presently and poised to become a USD 5 trillion economy by 2026, indicating sizeable growthprospectsfor Megaload acrossservedmarkets.

ProjectsworthUS$58billionintheOilandGassector alone have been scheduled in the next few years. Overall projectsworthUSD248Billionareannouncedindicating sizeable growth prospects for Megaload across served markets. The market size of the logistics industry is expectedtogrowfrom200billionto380billionby2025.

Megaload has the necessary resources to satisfy not onlythetechnicalscopeofworksofalltheseprojectsbut can deliver comprehensive packages that meet appropriate Occupational Health Safety & Environmentalstandardsaswellastherequiredhuman resources conditions. The partnership has a formidable

The Express Group was founded in 1946. Since its inception, Express Global Logistics Pvt. Ltd. (EXG) has become a leading and trusted full-service logistics provider For more than 75 years, EXG has been committed to provide transparent and seamless supply chain solutions for its clients with its vision to become a one-stop-shop logistics provider, through a combination of deep industry experience, world-class customer serviceandmoderntechnologycapabilities.

Mr. Nailesh Gandhi, Managing Director, EXG enthusiastically termed it “a partnership of growth” and stated that “EXG has a pan-India presence backed by a large fleet of axles, cranes, and other equipment. TheadditionoftheSPMTsandAlternateliftingsystemsin Megaload, is part of EXG’s vision and plans for growth to becomeafullyintegratedprojectlogisticsserviceprovider backedwiththelatestequipmentandtechnology”

The Fagioli Group was incorporated in 1955 and now has 21 International offices. The business turns over EUR 250m p.a. and employs over 700 staff. Fagioli also hasamaritimedivisioncomprisingbargesandshipping. The Group has global experience in the oil and gas industry and has provided the heavy lift component for many oil and gas processing plants, power station installations and major heavy lifts in Europe, MiddleEast,FarEast,andtheAmericas.

Mr Fabio Belli, CEO of the Fagioli Group, eagerly greetsthebirthofMegaload,remarkingthat“Fagiolihas beenhistoricallypresentinIndiaforalmosttwentyyears with its own staff and resources, which will now become part of Megaload. The presence of Fagioli in the Indian Subcontinent results reinforced by the creation of this new partnership, which represents an important new componentintheFagioliGroupandarelevantelementof growthinFagioli'sstrategyinthearea”.

TheRegisteredOfficeofMegaloadwillbeinMumbai, withoperationalactivitiesacrossIndia.

TheDirectorsontheMegaloadBoardare:

Japan offers huge opportunity for Indian Apparel Exporters: AEPC

CHENNAI:Thedeclineinexportsofapparelitemsfrom China to Japan provides a huge opportunity for Indian companies to push their shipments in Tokyo, AEPC said on Friday To tap this opportunity, Apparel Export Promotion Council (AEPC) has organised a two-day buyer-seller meet forinternationalplayersatitsApparelHouseinGurugram.

Over 80 prominent Japanese buyers including and trading companies and retail chains/stores are in India to sourcetheirrequirementfromthe112oddIndianexhibitors displayingtheirgoodsattheUpnextIndia2023,itadded.

AEPC Chairman Naren Goenka said: “We hold a strong business opportunity in Japan, reflected by the fact that China, which has been a dominant garment supplier to Japan, has witnessed a decline in the past 5 years giving significantadvantagetoIndia”.

Garmentfraternityinboththecountrieshavegearedup to increase this trade taking advantage of duty-free access forIndianready-madegarmentspostIndo-Japanfreetrade pact,hesaid.

The Indian garment industry is blessed with the largest raw material availability of cotton, jute, silk and wool in the world and is supported by the world’s second largest spinningandweavingcapacity.

“This gives the industry an opportunity for a 95 per cent domesticvalueadditionenablingIndiatooffertotheworlda complete value chain solution from farm to fashion and hence extending as a competitive edge by shortened lead timestoreachourbuyers,”itsaid.

Goenka,saidthatJapanisthefourthlargestreadymade garment importer in the world, there is a huge untapped tradepotentialinthereadymadegarments(RMG)sector.

The government is coming up with a production-linked incentiveschemewhichwillmajorlyincludeRMGs,hesaid.

Sudhir Sekhri, Vice Chairman AEPC, said that Japanese companies have competitive advantages as apparelsourcingbase.