PL Shipping and Logistics, the Indian subsidiary of the Swiss-based forwarding conglomerate, M+R Spedag Group, has been renamed M+R Logistics (India) Pvt. Ltd. with effect from April 1. According to Daniel Richner, Chairman of M+R Logistics, the Swiss group has made a strong base in the fast-growing Indian logistics industry.
The PL Group divested its shareholding in favour of M+R Spedag Group in September last.
The Indian entity has a workforce of 350.