InterGlobe Enterprises plans to introduce a new business named logistics and cargo. InterGlobe has formed a 50:50 joint venture with Atlanta-based logistics giant United Parcels Service (UPS).

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UPS was scouting for a local partner to grow its business in India, which has primarily stagnated compared with its global peers like DHL and FedEx. UPS floated a company, Iris Transportation Service, in 2021, in which InterGlobe picked up a stake of 50 per cent around the middle of last year.