Tuscan Ventures acquires 40 per cent stake in Singapore firm
Mumbai-based logistics company, Tuscan Ventures on Sunday said it has picked up a 40 per cent stake in Singapore-based Rasmussen & Simonsen International (RSI) for an undisclosed sum.
By PTI |
MUMBAI : Mumbai-based logistics company, Tuscan Ventures on Sunday said it has picked up a 40 per cent stake in Singapore-based Rasmussen & Simonsen International (RSI) for an undisclosed sum.
The investment will allow RSI to fund its global expansion plans.
This include setting up a dedicated office in India and other growing markets such as China and Middle East, Tuscan's Managing Director, Vishal Sharma said in a release here.
"The global shipping and logistics industry will need to recruit and train 500,000 professionals over the next decade. As the industry shifts its focus to technology, a well trained work force will emerge as the true competitive advantage," Sharma said.
RSI's product offerings include customized and off-the-shelf instructor-led training programs and e-learning modules developed specifically for the industry.
ADVERTISEMENT
Tuscan Ventures has offices in Mumbai and Singapore and has 40-years of in-house experience in the global maritime and logistics sector. Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
