Tiger Logistics (India) and ICICI Bank Forge Strategic Partnership for Streamlined International Trade

In a significant move toward enhancing international trade operations, Tiger Logistics (India) Ltd has entered into a strategic partnership with ICICI Bank. The collaboration aims to provide exporters and importers with seamless tracking of shipments, access to real-time information on freight rates, and a simplified documentation process.

Tiger Logistics (India) Ltd has joined forces with ICICI Bank to revolutionize the landscape of international trade. This strategic partnership is set to offer exporters and importers a comprehensive solution, integrating banking services with end-to-end logistics.

Streamlining Trade Operations:

The collaboration entails an alliance partnership agreement between ICICI Bank and Tiger Logistics, bringing forth a multitude of benefits for users of the Trade Emerge platform. According to a statement released by Tiger Logistics, this alliance will empower Trade Emerge users to receive instant quotes, streamline documentation processes, and gain crucial visibility into their shipments.

Integrated Services for Enhanced Efficiency:

By integrating the ICICI Trade Emerge platform with Tiger Logistics' proprietary digital freight booking and management platform, FreightJar, the partnership promises exporters and importers easy access to competitive freight rates. This holistic solution is poised to simplify global trade operations, making it more accessible, efficient, transparent, and cost-effective.

Financial Solutions for International Trade:

A key highlight of this collaboration is the provision of quick financing options from ICICI Bank. This feature is expected to simplify the financial aspect of international trade for users, contributing to an overall reduction in logistics costs.

Empowering International Trade:

Harpreet Singh Malhotra, Chairman & Managing Director of Tiger Logistics, expressed the potential impact of the partnership on the industry. He emphasized that by integrating FreightJar into the ICICI Trade Emerge platform, the collaboration takes a significant step towards making global trade more accessible and cost-effective.

Anticipating Growth Opportunities:

Malhotra anticipates substantial growth opportunities and increased revenue streams resulting from this collaboration. The strategic partnership is expected to resonate throughout the industry, reflecting the commitment to fostering efficient and transparent international trade practices.

Relevant and latest facts on the partnership between Tiger Logistics and ICICI Bank:

• The partnership between Tiger Logistics and ICICI Bank was announced on August 15, 2023.

• The partnership will integrate the ICICI Trade Emerge platform with Tiger Logistics' proprietary digital freight booking and management platform FreightJar.

• The partnership will offer exporters and importers easy access to competitive freight rates and a comprehensive solution to their global trade needs.

• The partnership is expected to empower importers and exporters by simplifying their international logistics and trade finance operations and bringing down the overall logistics cost.

• The partnership is also expected to generate substantial growth opportunities and increased revenue streams for both companies.

The partnership between Tiger Logistics and ICICI Bank is a significant development for the Indian trade and logistics industry. It is expected to make global trade more accessible, efficient, transparent, and cost-effective for Indian exporters and importers.