Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Future Supply Chain Solutions inaugurates India Food Grid

Posted On: 2019-01-11 12:55:05

Future Supply Chain Solutions (FSC or the Company), India's leading third party integrated logistics service provider, is launching the INDIA FOOD GRID, a network of 38 Integrated Food Distribution Centres (IFDC) across the length and breadth of the country that will provide pan-India reach.

Food & FMCG Supply Chain in India is highly inefficient and complex. It has formidable challenges in terms of inventory levels in the system, availability issues, freshness of the product, distribution cost and time to market. FSC, as a supply chain specialist, understands the existing hurdles in the supply chain process of conventional retail as well as modern stores. Based on a comprehensive study, FSC has identified 38 locations across the country, which will be developed into large food and FMCG distribution centres with envisaged investment to the tune of 1,000 crores. The INDIA FOOD GRID will be supported by strong infrastructure and bestin-class technology & automation.

Consumer products will get distributed from an IFDC to retail stores in a radius of up to 225 kms. In this journey, the life of each store would be simplified and they would focus on serving customers for their entire food and FMCG needs. The INDIA FOOD GRID will manage distribution right from the manufacturing hubs up till the final point of consumption. Brands can enter the grid from anywhere in the country for consumption anywhere, anytime. It will help improve overall supply chain efficiencies, eliminate wastages, lead to better inventory management and help increase availability of consumer products at locations where the demand is. The INDIA FOOD GRID will ensure secured, guaranteed on-time delivery in full by enhancing consistency, accuracy, speed and reliability of the supply chain.

Anchoring the INDIA FOOD GRID, FSC inaugurated its state-of-the-art distribution centre in Shambhu Kalan in Chandigarh, Punjab in the presence of Mr. Navjot Singh Sidhu, Minister of Local Government, Tourism, Cultural Affairs, and Museums of the Government of Punjab and Mr. Kishore Biyani, Group CEO, Future Group. The distribution centre is set up on 2 lakh sq. ft. of built up area with state-of-the-art infrastructure and advanced technologies like Put-to-Light Sortation System. This IFDC will cater to distribution of consumer products to up to 300 stores in the region.

With the development of FSC INDIA FOOD GRID, stock availability and visibility will be ensured at all times, consumer will get fresh products faster and there will be reduction in the inventory holding in the system.

Speaking about the new milestone Mr. Kishore Biyani, Group CEO, Future Group said, "India Food Grid is an ambitious project by us that connects the entire country through a single, multilayer network. Any supplier, small or big, can join this grid anywhere for further distribution across India. India Food Grid will ensure timely and efficient food, grocery and FMCG distribution. It will enable us to achieve leadership in supply chain cost and speed to delivery. It will provide us a sustainable competitive advantage."

Commenting on this Mr. Mayur Toshniwal, MD, FSC said, "We are embarking on a journey to set up the India Food Grid, a network of 38 distribution centres, which will provide a pan-India distribution coverage, right from the manufacturing hubs till the point of consumption. We believe this will redefine the food & FMCG Supply Chain in India and are excited about the growth opportunities that this will create for FSC in the near to medium term."

Shares of Future Supply Chain Solutions Ltd was last trading in BSE at Rs.646.1 as compared to the previous close of Rs. 652. The total number of shares traded during the day was 120 in over 12 trades.

The stock hit an intraday high of Rs. 654.9 and intraday low of 646.1. The net turnover during the day was Rs. 78014.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

HCL and Xerox expand Strategic Partnership to accelerate operational Transformation

Jet Airways India Ltd grounds another 6 aircraft

Vikas WSP Ltd updates on US court litigation

Tata Steel Bsl Ltd allots NCRPS worth Rs. 6500 crore to Tata Steel Ltd

IDBI Bank Ltd approves rupee bond borrowing limit of Rs. 4000 crore

Newgen secures another Patent for its invention - Integrated and Automatic Generation of Carbon Credits

Colgate Palmolive India Ltd board to consider interim dividend on March 29, 2019

Datamatics Global Services Limited acquires additional 10% stake in Datamatics Digital Ltd

Fortis Healthcare Ltd appoints Dr Ashutosh Raghuvanshi as MD

Maruti Suzuki India Ltd introduces EECO with additional Safety features

V-Mart Retail Ltd opens new store in state of Uttar Pradesh

Adhunik Industries Ltd announces resignation of CFO

Poddar Pigments Limited appoints Joint MD

V-Mart Retail Ltd opens new store in Assam

Fire accident at Rushil Decor Ltd's factory located at Chikmagalur, Karnataka

Eris Lifesciences Ltd announces resignation of Mr. Himanshu Shah, Executive Director

ONGC board to consider interim dividend on March 23, 2019

Centrum Capital Ltd has sold stake in subsidiary

MEININGER Hotels open property in Budapest Hungary

Muthoot Capital Services Ltd completed transaction of Rs. 236.36 crores through securitization of portfolio

Velan Hotels Ltd updates on OTS with RARE ARC

SBI Life Insurance Company Ltd board to consider interim dividend on March 26, 2019

Velan Hotels Ltd board to consider acceptance of OTS by RARE ARC

Indian Oil Corporation Ltd board declares 2nd interim dividend of Rs. 1.50

Voltamp Transformers Ltd develops new product - Ring Main Unit

Intellect conducts its User Meet 2019 in Dubai

BEML Ltd fixes March 29, 2019 as record date for interim dividend

Zydus receives final approval from the USFDA for Acyclovir Ointment

V-Mart Retail Ltd opens two new stores in UP and West Bengal

Kaveri Seeds sets up Asia's largest corn cob drying facility in Telangana

TCS Named Snowflake EMEA GSI Partner of the Year

GHCL Limited to launch new bedding product

CRISIL revises ratings of Lincoln Pharmaceuticals Ltd

Prism Johnson Ltd acquires 3700 shares of CSE Solar Parks Satna Private Limited

GRM Overseas Ltd purchases assets of United Foods Pvt Ltd from PNB

Aurionpro Solutions Ltd board to consider buy back of shares on March 25, 2019

Viaan Industries Ltd to acquire 50% in Avalance Technology Private Limited

GRM Overseas Ltd announces purchase of immovable property for Rs. 1.54 crore

Mindtree promoters unconditionally oppose the hostile takeover bid by L&T

Orbit Exports Ltd Board approves Buy back of equity shares

Majesco announces expansion of leadership team

L&T announces open offer for Mindtree Ltd at Rs. 980

Mukesh Ambani bails out Anil again

L&T to acquire significant stake in Mindtree in an allcash transaction subject to regulatory approvals

RBI renews the authorization issued to Vakrangee for White Label ATMs

Sagar Productions Ltd bags worldwide distribution rights for film 'Ram Ki Janmabhoomi'

RCom group and Reliance Jio terminate agreements by mutual consent

Aegis Logistics Ltd board approves interim dividend of Rs. 0.50 for 2018-19

Aarti Industries Ltd opens QIP

Global Offshore Services Ltd appoints additional director







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019