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HK-based Fung Capital to invest $30 mn in Future Logistic
21 Jul '09
4 min read
"We are building a world class supply chain infrastructure for the consumption products in India which is presently very limited, despite it being a critical support required in India's rapidly growing economy. We will be investing in physical as well as technology infrastructure that will reduce the time-to-market and cost-to-market for fashion and apparel and other consumer categories,” said, Mr. Anshuman Singh, MD & CEO, Future Logistic Solutions Limited.
The Indian logistics market is estimated to be about US $ 100 billion, with the share of organized players being just 6% of the total market. The logistics sector has been seeing substantial investments lately and the organized segment is expected to grow at 25-30% CAGR over the next few years. The consumption product supply chain is estimated to be around 20% of the logistics market and is at a nascent stage. FLSL hopes to capture a dominant share in this segment as a Third Party Logistics (3PL) service provider.
The Indian logistics market is estimated to be about US $ 100 billion, with the share of organized players being just 6% of the total market. The logistics sector has been seeing substantial investments lately and the organized segment is expected to grow at 25-30% CAGR over the next few years. The consumption product supply chain is estimated to be around 20% of the logistics market and is at a nascent stage. FLSL hopes to capture a dominant share in this segment as a Third Party Logistics (3PL) service provider.
Fung Capital
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