Booster shot for economy! French firm FM Logistic to invest 150 million dollars in India, create new jobs - All details here

It goes without saying that investment always acts as a booster shot for any economy, and India got one such big shot when logistics and transportation services firm FM Logistic announced that it will make whopping 150 million dollar investment in the country to establish a new multi-client facility (MCF) in the Jhajjar near Gurugram of Haryana. FM Logistic on Tuesday broke ground on its new multi-client logistics facility in Jhajjar. The construction of the warehouse will be supervised by NG Concept, the real-estate sister company of FM Logistic. 

Talking exclusively to Zee Business Digital, Jeremy Lefevre, Construction Director Asia, NG Concept (sister concern of FM Logistic) and Alexandre Amine Soufiani, Managing Director, FM Logistic India, confirmed that this warehouse, which is expected to be completed in December 2020, is part of the five-year US$ 150 million investment plan the company announced in March 2019.

"Located on a 31-acre site, the future facility will provide cutting-edge warehousing, handling, value-added and omnichannel services to FM Logistic’s clients in the Northern Region of India," FM Logistic officials said.

Moreover, this multi-client facility will create new jobs as well, confirmed Alexandre Amine Soufiani, Managing Director, FM Logistic India.

Talking at a press conference in Delhi, Stéphane Descarpentries, Director for Asia and strategic projects, FM Logistic, said: “This new warehouse near Delhi fits into our strategy of constructing multi-client warehouses near major Indian cities, such as Mumbai, Bangalore and Calcutta. All these facilities will meet our customers’ expectations in terms of cost efficiency, warehouse space optimisation, product safety and capacity flexibility. They also answer the demand for fewer, bigger distribution centres, which is driven by the GST.”

Highlighting the key features of the facility, Alexandre Amine Soufiani, said, “With a built-up area of 700,000 sq. ft., the Jhajjar MCF enjoys strategic access to the Kundali, Manesar and Palwal expressways for faster connectivity to all major consumption centres in the Northern Region."

"The new warehouse will have a storage capacity of 100,000 pallet positions and provide a dedicated area for co-packing and other value-added services. Furnished with best-in-class safety and security features, the warehouse will offer cost efficient, quality storage and handling services. It will also allow for good working conditions, in addition to respecting the environment," a company statement said.

Alexandre Amine added: “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. I sincerely thank our customers and employees for their trust.”

Jeremy Lefevre, Construction Director Asia, NG Concept, said, “The new A+ Grade facility will be the first in India to combine LEED-certification (Leadership in Energy and Environmental Design), FM Global firefighting and natural hazards protection, and high quality insulation and ventilation."