Indian/Canadian JV for temp-control facilities

Apollo LogiSolutions Limited (ALL), a subsidiary of Indian company Apollo International Limited, and Spire Group Limited of Toronto, Canada, have executed a joint venture agreement for US$250 million to construct and operate temperature-controlled warehouses in India. The JV will operate under the name Apollo Everest Kool Solutions. Apollo said the Indian JV would construct up […]


Apollo LogiSolutions Limited (ALL), a subsidiary of Indian company Apollo International Limited, and Spire Group Limited of Toronto, Canada, have executed a joint venture agreement for US$250 million to construct and operate temperature-controlled warehouses in India. The JV will operate under the name Apollo Everest Kool Solutions.

Apollo said the Indian JV would construct up to 15 temperature-controlled warehouses in India, starting this year. The first two such facilities would be built in Mulund and Panvel.

"Spire Group will work with Apollo LogiSolutions in the design and construction of these facilities," it added.