Future Group’s logistic service arm, Future Supply Chain Solutions (FSC), has announced to infuse Rs 1,000 crores to establish India Food Grid. India Food Grid is a pan-India network of 38 integrated food distribution centres.
Kishore Biyani, Group CEO of Future Group informed, “India Food Grid is an ambitious project by us that connects the entire country through a single, multi-layer 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.”
The company said, “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.”
“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,” FSC added.
According to the company’s statement, consumer products will get distributed from an IFDC to retail stores in a radius of up to 225 km. FSC also inaugurated a distribution centre in Shambhu Kalan in Chandigarh, Punjab to the distribution of consumer products to up to 300 stores in the region.