Kishore Biyani-led Future Group’s – Future Logistics Solutions Limited (FLSL), will invest Rs 400 crore in next three years to operate additional mega merchandising hubs and warehouses as it aims to touch a top line of Rs 800 crore by 2010.
Within three years, FLSL plans to operate about seven new mega merchandising hubs ranging from 70,000-100,000 sq feet and 30 smaller warehouses in cities across India, which would extend service to non-group companies also.
Future Logistics CEO Anshuman Singh said,
Going further, in line with Future Retail’s growth, FLSL plans to operate additional seven hubs and 30 warehouses. These hubs will receive products from vendors and then feed the other smaller warehouses across the country. Currently, sites which meet our requirements are being identified and evaluated. While development of all hubs will happen simultaneously, we expect the first mega hub to be completed in early 2009 in Western India.
If all the dreams of Kishore Biyani come true, then he may create more wealth for his shareholders than Dhirubhai Ambani in the long run.