Friday, September 15, 2006

Pantaloon to enter the logistics arena

The Economic Times reports:

Pantaloon announced its decision to set up a new division, Futures Logistics providing third-party logistical support to the retail industry. According to sources, initial investment is estimated to be around Rs. 400-500 crore and will focus on efficient modes of transport such as roads and railways. Sea and air modes of transport will be added at a later time. Initially Futures Logistics will cater solely to Pantaloon Retail, but plans to offer services to other companies within 1-2 years.

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