Flipkart To Invest Rs 5,000 Crore To Set Up Three Logistics Parks Across The Country; Will Create 50,000 Jobs
One of India’s top e-commerce firms Flipkart is looking to invest Rs 5,000 crore to set up the logistics park across the country that will create around 50,000 direct and indirect jobs, reports Business Standard (BS).
The Walmart-owned firm is expected to acquire 300 acres of land across Karnataka, Gurugram, and West Bengal to strengthen its supply chain.
“The Flipkart team is sourcing land privately in Bengaluru, and has identified four sites. In West Bengal, construction is expected to start soon,” said a source to BS. “For Gurugram, land has already been identified for the purpose.”
These fully-integrated logistics parks, which will house Flipkart warehouses, are expected to improve supply-chain efficiency, and reduce costs by deploying mechanised warehousing.
The parks will function as freight aggregation and distribution hub, and utilise technology for intelligent transport systems.
A Flipkart on Tuesday added that the infrastructure being built by the company across the country through these warehouses and logistics parks would help it in tapping the “next 200 million customers.”
Preferred Workplace
Also according to a new LinkedIn survey, Flipkart has been ranked as the most preferred workplace in India for 2019, followed by its rival Amazon.