Kerry Logistics Network Limited, a leading logistics service provider in Asia, has entered into memorandum of understanding to increase its stake in Indev Logistics Pvt. Ltd., a well-established Indian logistics company headquartered in Chennai, from 30 per cent to 50 per cent. Kerry noted that a key driver behind this was its increasingly positive view of India’s economic prospects. The announcement was made at the re-branding ceremony held on 13 April in New Delhi with Nirmala … [Read more...] about Kerry ups stake in India’s INDEV logistics, eyes pan-India scope