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    Future Group will start logistics fund

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    The financial arm of will launch a $500-million logistics fund in three-five months. Chief Executive Officer and ex-Goldman Sach Managing Director Sameer Sain, who is the CEO of , are the major investors in the company.

    Future Group to set up C&D lab in Bengaluru
    The team at the lab is composed of technologists, engineers, data scientists, designers and consumer specialists

    The offshore fund will invest in warehouses in major cities across the country, to cater to retail and businesses.

    “The centres will not be restricted to the Group’s captive use, but will be available for everybody. The idea is to become the country’s largest independent owner and provider of logistics facilities and one-stop solution to clients,” Sain added.

    “We will partner with globally reputed companies for technology and know-how, and use our local execution skills and expertise to set up the centres,” Sain informed.

    FCH has two real estate funds – Kshitij Fund and Horizon international Fund – which have a combined corpus of $430 million.

    Datamonitor’s ‘India Logistics Outlook 2007’ projects that outsourced logistics, currently accounting for just above one-quarter of the entire $90 billion Indian logistics market, will grow at a compound annual growth rate (CAGR) of over 16 percent from 2007-10.