nagpur in a major step towards nagpur emerging as a hub for the logistics sector the kishore biyanipromoted future supply chain fsc which formally inaugurated its 100 crore distribution centre at mihan on saturday plans to pump in another 80 crore for the business in city its current greenfield investment in nagpur on the logistics front stands at 120 crore the future group has set up a 4 lakh squarefeet facility from where it routes supplies to the big bazaar stores and caters to outside clients too operational since 2012 the japanbased fung group has brought 26 stake in the logistics venture for the company nagpur holds strategic importance as it cuts down the cost and time of transport of goods to its various retail outlets helping it in maintaining a leaner inventory future group dubs the nagpur setup to be that of international standards with only handful retail players globally having a fullfledged facility for backend management it is a gradual transformation to basic godowns to a modernized logistics centre says anshuman singh the ceo of future logistics anshuman singh rakesh biyani the joint managing director of future group said the cut in transport and inventory costs due to the distribution centre may eventually be passed on to the customers avoiding an answer on the groups other businesses such as insurance and financial services where there are news on stake sale biyani said retail was the companys core business and it plans to add fresh 15 to 20 lakh square feet of shopping space each year this translates around 3 to 4 big bazaar stores of nagpur at the distribution centre here there are plans to take up the total throughput to 7 lakh pieces of merchandize in a year which comes to 5000 crore in value terms he said currently it stands at around 2500 crore biyani senior added singh who heads the logistics arm said the company has already leased out another 4 lakh square feet of space in the orange city logistic parks oclp at gumgaon which is about an hours driver from here this is facility set up by a religious trust in which future logistics has taken space on rent the current investment in the second distribution centre which stands at 20 crore would be jacked up by another 80 crore during this fiscal with an expansion to 8 lakh square feet he said the second centre will mainly cater to the clients outside the future group it has already tied up with tata motors and kraft india which markets the cadbury brand of chocolates the thrust is on catering to the fast moving consumer goods fmcg and automotive sector from the second centre he said future group expects a turnover of 1000 crore from the logistics business out of which half would come from the business generated from other companies there are plans to open nine centres like that in nagpur throughout the country in next one year such centres will be providing