France-based FM Logistic Friday said it plans to invest USD 150 million (a little over Rs 1,000 crore) over the next five years to set up new warehouses in India.
This amount will be used to focus on multi-client warehouses, the company said.
CEO Jean-Christophe Machet said: "I am impressed by the dynamics of India, and planning to make strategic investments here to support long-term growth.
"We are confident about our growth and development so we decided at the board level to invest this significant amount of USD 150 million for next five years to develop our own facilities."
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