France’s FM Logistic plans to invest EUR 50 million in India over the next four years, becoming the latest global company to invest in the country’s logistics space, encouraged by the implementation of GST.
“We aim to contribute to a better efficiency of the logistics in India, especially in a post-GST scenario,” Stephane Descarpentries, Director-Strategic Projects and Director, operations Asia, FM Logistic. “India is the biggest democracy worldwide, sporting an impressive growth rate – the GST adoption will be a turning point in the logistics market,” he added. “If today most of major logistics players are Indian companies, DHL being the main exception, tomorrow this landscape will change. That’s the reason why it was key for us to adopt and deploy a long term strategy : arriving in the market beforehand, taking the time to deeply understand the requirements and being backed by the know-how of our local teams to deploy a new logistics blueprint in the country.