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After Mumbai, Bengaluru And Gurugram FM Logistic Enters In Haryana For Warehousing Facility

Warehouse

Other than expanding in the cities it is already present in, FM Logistic will also enter Hyderabad.

Recently, FM Logistic, a French third-party logistics (3PL) company, has opened its first owned multi-client facility Farrukhnagar, Haryana. It is the part of $150 million investment plan which was already announced in March 2019. The warehouse is of 7.6 lakh sq. ft and located on a 31-acre site, which will help in providing faster access to major consumption centres in north India.

FM Logistics

The warehouse is of 7.6 lakh sq. ft and located on a 31-acre site, which will help in providing faster access to major consumption centres in north India.

On this Jean-Christophe Machet the chief executive of FM has said that, “FM Logistic in India is ready to cater to the rising demand for omni-channel commerce which is driving the demand for outsourced logistics services. With this new state-of-the-art facility in Farrukhnagar, we aim to help our customers efficiently answer their growing business needs and help them build and maintain sustainable omni-channel supply chains”. In 2016, FM Logistic made its entry into the Indian market after buying a majority stake in Spear Logistics. The company has four multi-customer facilities – two in Mumbai, and one, one multi-customer facilities in Bengaluru and Gurugram.

The company has four multi-customer facilities – two in Mumbai, and one, one multi-customer facilities in Bengaluru and Gurugram.

Later on, the managing director of FM Logistic India Alexandre-Amine Soufiani said in an interview, “We have invested about $60 million so far since 2019, and will deploy another $90 million in land, construction, IT, automation, among others. We are expecting 40-50% revenue growth in 2022-23 and looking at setting up new facilities, either on long-term lease or buy land and develop it”. Soufiani also added that, “FM Logistic aims to strengthen its leading position in India, thanks to a good combination of multi-client and dedicated sites responding to customer needs, the management of a global supply chain (warehousing, distribution, value-added services) according to an omni-channel model (B2B and B2C), innovation, sustainable development and social responsibility”.

We are expecting 40-50% revenue growth in 2022-23 and looking at setting up new facilities, either on long-term lease or buy land and develop it

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