FM Logistics to invest 50 million Euros in three to five years

Stephane Descarpentries, Director – Strategic Projects and Director Operations Asia, FM Logistic, reveals, “We are setting-up multi-customer facilities (MCF) close to the biggest cities in India. First MCF (250 000 sqft) will start in Mumbai (Bhiwandi) in December 2017, second one is planned in Delhi for 2018. Part of these warehouses will be leased but we are also planning to build our own facilities with the help of our real estate subsidiary, Batilogistic.”
“These MCFs will bring to our customers efficiency (by usage of the height of the buildings), flexibility (by sharing space and resources among different companies) and quality, security and compliance,” he added.