Future Supply Chain Solutions (FSC) plans to invest Rs 200 crore in setting up new cold and dry warehouses across India, in the next two years. FSC presently has a total capacity of 22,000 pallet positions in cold chain storage across India, making it the second largest company in this sector. In the next two years, it will invest Rs 100 crore to increase its capacity by another 40,000 pallet positions across nine cities — Mumbai, Delhi, Bengaluru, Chennai, Kolkata, Hyderabad, Nagpur, Surat and Pune. In the next phase, it will enter 11 Tier-I and II cities. The company will also invest another Rs 100 crore in the next two years to set up more dry warehouses to increase built up capacities from the current 55 lakh sq ft to 80 lakh sq ft at its 30 large dry warehouses. Funding for this Rs 200 crore investment will come mainly from internal accruals and debt and equity. FSC, from the Kishore Biyani-led Future Group, is India’s first fully integrated and IT-enabled supply chain and logistics company.
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