Enthused by its success in retail, Kishore Biyani-led $2 billion Future Group will soon foray into the logistics business."We will be investing Rs 400 crore in the business through strategic investors or private equity," Kishore Biyani, CEO, Future Group, told PTI.The group plans to increase its 2 million sq ft of warehouse space to 5 million sq ft by 2010, besides acquiring a fleet of trucks for inter-city and intra-city movement of goods."We are planning to have a 1,400 strong specially designed fleet of trucks for transportation of goods of which 800 trucks would be for intra-city movement," he said.To start with, the company will operate intra-city fleets in eight cities - Mumbai, Delhi, Chennai, Hyderabad, Bangalore, Kolkata, Ahmedabad and Pune - he said, adding that the larger inter-city trucks will be used to cart goods procured from suppliers from Tiruppur and the likes to these eight cities.The fleet will be specially designed for carrying garments in hangers and transporting furniture and other articles requiring careful handling, Biyani said.On upgrading technology for the retail business, Biyani said that Wipro and Cisco are developing the Radio Frequency Identification Device (RFID) technology for the group."We are planning to develop the RFID technology according to our requirements. Wipro and Cisco are developing it for us," he added.
