News Flash

Future Group plans foray into logistics sector

25 Dec '07

2 min read

After making its mark in the retail business across most of the categories, the Future Group is planning to spread its wings to the logistics business. It is a wise move on the part of the group.

The logistics segment is very crucial across the whole value chain for the success of any retail business, more so in the case of the Future Group, which has its operations spread across the length and breadth of a country as big as India.

Sources report that the Future Group is planning to commit a substantial amount to develop the business, which might go as high as Rs 400 crore. It could be in the form of private equity or getting a strategic investor onboard.

In the pipeline could be more than a thousand trucks specially designed to carry apparels and consumer durables like electronic goods which need a lot of careful handling. The trucks will be mainly used for transporting goods within and between cities.

Also proposed is an expansion of the warehousing facilities to nearly 2.5 times the current warehousing area.

The group is also investing in latest technologies like the 'RFID' technology which helps keep track of each & every item being transported across the whole network.

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