FM Logistic to invest US$150 million as part of strategic growth plan in India

FM Logistic has announced its plans to invest US$150 million over five years, as part of its strategy to grow in India. Jean Christophe Machet, Global CEO, FM Logistic said, “India is one of the key strategic markets for FM Logistic. The company is planning to make strategic investments in India to support its long-term growth.”

“The company plans to strengthen its position in India by delivering on its post GST strategy of focusing on developing multi-client facilities (MCF) in the most important Indian Economic Zones. The successful opening of company’s first MCF in Mumbai (with extension in progress) will be followed by another MCF in Delhi NCR (near Gurugram), which is expected to commence operations from April 2019,” he informs.