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Blume Global to invest $150m in India

"Blume has more than 400 employees in Bengaluru and surrounding," he said, adding that soon it will increase by 150 more.

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New Delhi: US-based supply chain firm Blume Global is planning to invest around $150 million in the next five years in India, Global CEO Pervinder Johar said.

He said India was an important destination for the company to invest in as the government was investing a lot in the logistics sector.

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The company started operations in Feb 2020 and has invested $20 million so far, in setting up new operations and expanding its reach in the logistics and supply chain sector.

Johar said Blume Global has a deep and diverse background in supply chain management and technology, which is providing innovative solutions to global supply chain companies around the world in 170 countries.

He said Blume helps minimize costs maximize capacity, and increase agility while providing real-time visibility of products and creating agile plans amid supply chain uncertainty”.

“Schemes like Gati Shakti give us enormous opportunities to expand our business here in India. The government’s focus on logistics in the latest budget is geared to transform India into a major supply chain player,” Johar said.

“Blume has more than 400 employees in Bengaluru and surrounding,” he said, adding that soon it will increase by 150 more.

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