Adani Group joins hands with DA Group to venture into Warehousing sector

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Adani Group steps into the warehousing sector. Adani Logistics, a subsidiary of Adani Group signs a joint agreement with DA Group to develop and operate logistics and warehousing parks in Ahmedabad and Kolkata.

The joint venture is a 50:50 partnership which will operate logistics and warehousing parks in Ahmedabad and Kolkata, according to the statement from Adani Ports shared with stock exchanges on Thursday evening.

Adani Logistics will nominate three directors to its board while DA Group will send two directors for the joint venture.