Tiger Logistics launches TiGreen Vertical for sustainable energy trade
In a strategic move that aligns with the global push towards sustainability, Tiger Logistics, a renowned BSE-listed international logistics company, has unveiled its ambitious plan to deepen its foray into the sustainable and renewable energy sector. The initiative, dubbed ‘TiGreen,’ aims to bolster Tiger Logistics’ presence in the global trade of renewable energy resources, with a particular focus on solar power and electric mobility solutions. This announcement comes at a crucial time when the demand for environmentally friendly energy solutions is on the rise, marking a significant step for Tiger Logistics in positioning itself as a leader in the green logistics domain.
The establishment of the TiGreen vertical is a testament to Tiger Logistics’ commitment to supporting sustainable energy initiatives, aligning closely with the Indian government’s efforts, such as the PM Surya Ghar scheme. This scheme aims to enhance the importation of solar cells, modules, and related components into India, reflecting a growing trend in the adoption of solar energy solutions. In 2023, Tiger Logistics expanded its network to include key emerging markets such as Cambodia, Malaysia, Vietnam, Thailand, and Hong Kong. These regions are becoming increasingly important as alternative sources for the import of solar module panels into India, indicating a strategic diversification of supply chains in response to the global energy transition.
A recent report by the Institute of Energy Economics and Financial Analysis highlighted a significant growth in the export of Solar Modules from India to the US, witnessing a 16-fold increase in FY 23. This surge accounts for 97% of India’s total exports in this sector, amounting to approximately $1 billion. Such exponential growth underscores the potential for further expansion in the renewable energy sector, with Tiger Logistics poised to play a pivotal role in facilitating this growth.
Parallel to its efforts in the solar energy domain, Tiger Logistics is setting its sights on the burgeoning electric vehicle (EV) market. With several global automakers preparing to launch their EV models in the 2024-2025 period, India is being eyed as a potential manufacturing hub. The government’s ‘Make In India EVs’ initiative further boosts this ambition, creating a conducive environment for Tiger Logistics to offer specialized logistics solutions for the transportation and distribution of EVs, both domestically and globally.
To spearhead the TiGreen vertical, Tiger Logistics is on the lookout for dynamic leaders, including a ‘Global Head, TiGreen,’ who will bring strategic direction and innovation to the company’s green logistics ambitions. “We recognize the critical role that logistics plays in shaping a greener future along with the government’s vision for a cleaner and greener future,” said Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics. This statement encapsulates the company’s dedication to contributing to the global transition towards renewable energy and eco-friendly transportation solutions.
The launch of TiGreen is more than just a business expansion for Tiger Logistics; it’s a commitment to fostering partnerships with businesses, government entities, public sector units (PSUs), and stakeholders dedicated to sustainability. By collaborating with these entities, Tiger Logistics aims to drive collective progress towards a more sustainable and resilient future, underscoring the importance of integrated efforts in achieving global sustainability goals.
In conclusion, Tiger Logistics’ strategic establishment of the TiGreen vertical signifies a pivotal shift in the logistics industry towards embracing and facilitating the global transition to sustainable and renewable energy sources. As the world continues to gravitate towards greener energy solutions, Tiger Logistics stands at the forefront, ready to navigate the complexities of international logistics to support this essential transition.