Reliance invests in logistics company Deccan 360
Reliance announced their investment in Deccan 360, India's new delivery and distribution network, an initiative which will provide a remarkable boost in transforming the logistics spectrum in India. This investment will help Deccan 360 to increase the air and surface network coverage across the country. Deccan 360 will introduce world class services & systems to India's express end-to-end supply chain logistics space in both business-to-business and retail sector. This investment is being made by a wholly owned subsidiary of Reliance Industries Ltd.
Deccan 360 is the first logistics company in India to adopt and develop a hub and spoke model. Deccan 360 has appointed National Service providers on a franchisee model and has already set up over 80 service centers and 8 surface hubs to service the operations. It has currently deployed 8 freighter aircrafts, covering 15 airports, with a fleet of over 300 trucks and 850 vehicles nationwide. It has a capacity of more than 300 tonnes per night by air, with over 60 warehousing hubs, delivering overnight services to 50 cities, all driven by 60 plus franchisee nationwide. Deccan 360 has integrated a multi modal capability ensuring clock-work precision in its operations and offers a never before reach.
Commenting on the initiative, Mr. Mukesh D. Ambani, Chairman & Managing Director, Reliance Industries Ltd. said, “We believe that our collaboration with Deccan 360 will see a transformation in the logistics domain in India. I have full faith in Capt. G.R. Gopinath and his team to make this a big success. We are sure that this initiative will propel the customer experience to the next level in India in the logistics domain.”
On the occasion, Capt. G.R. Gopinath, Chairman & Managing Director said, “Deccan 360's strategic partnership with Reliance will enable us to realize our dream faster - a dream of creating world class logistics reach to every nook and corner of India. Our air and surface network would open up backward reaches of India and integrate these with the Metros. We all know that supply chain is the lifeblood of a country's economy. This logistics capability will help setting up both small scale industries & large manufacturing centers wherever resources are available and in turn reduce cost of the product and expand the consumer base. For an existing business, an efficient, just-in-time supply chain will reduce business cycle and help reduce manufacturing cost in turn making India a globally formidable economy.”
The core of Deccan 360's hub and spoke model is the state-of-the-art hub being developed across a total area of 50 acres at MIHAN, Nagpur. This central hub in Nagpur will form an extensive state-of-the-art multimodal (surface and air) storage, transportation and delivery network bringing connectivity to every corner of the country. To ensure enhanced customer service, a central call centre has been set up at Bangalore, the single national telephone number being 30 360 360.