FLT Automation has announced plans to launch its India operations, with a new facility expected to be operational by mid-2025. The company has finalized its office space, secured key supplier partnerships, appointed a board of directors, and selected candidates for initial roles.
Stefan Christ, CEO, and Boris Bind, Mechanical Design Head, visited India as part of the expansion efforts. Additionally, Vinay V Kanitkar has been appointed as an advisor to support the company’s India operations.
This move aligns with the growing trend of automation in India’s logistics and manufacturing sectors. According to a report by IMARC Group, the Indian logistics automation market is projected to grow at a compound annual growth rate (CAGR) of 16.2% between 2023 and 2028. Similarly, a report by Business Today indicates that approximately 70% of warehouse decision-makers in India and the Asia-Pacific region aim to streamline workflows through automation by 2024.
Furthermore, the Indian government’s initiatives, such as ‘Make in India,’ aim to increase the manufacturing sector’s share in the gross domestic product (GDP) to 25% by 2022, up from 17% in 2018. These initiatives are expected to drive demand for automated material handling systems.
FLT Automation’s entry into the Indian market reflects these industry trends and the increasing adoption of automation technologies in the region.