New Delhi: The Pune-based FM Logistic India on Thursday said it is planning to set up intra-city warehousing units across Mumbai, Delhi and Bengaluru to meet the increasing demand for quick deliveries by online customers.
The company plans to convert some abandoned mills into such facilities and is in discussion with a closed mill owner in Mumbai. It is also exploring the possibility of such projects in Delhi and Bengaluru.
Along with this, FM Logistic is also open to set up completely new intra-city warehousing facilities, Alexandre Amine Soufiani, managing director, FM Logistic India, said.
This project is part of the company’s plans to invest USD 150 million over the next five years in setting up warehouses in India as was announced in March last year.
FM Logistic India is present in over 90 locations. It provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecom, pharma and other sectors.
The French 3PL (third-party logistics) player made a foray into the domestic market after acquiring the Pune-based warehousing firm Spear Logistics in 2016.
In the post-COVID-19 scenario, having an intra-city warehousing facility is a must to be able to deliver the goods to the end-customer within hours of placement of an order. But, land in the cities is costly, Soufiani said.
“We are scouting for warehousing facilities inside the cities of Mumbai and Delhi to either build new multi-storey warehouses, a new concept or to refurbish abandoned cotton mills in Mumbai within the city,” he added.
“Besides requiring less land, a vertical warehousing facility for less gives the possibility of separation between the different customers and also has the advantage of cold storage for pharma,” Soufiani noted.
Last year, the company announced setting up of a 31-acre multi-client logistics facility at Jhajjar in Haryana at an investment of USD 30 million.
