Flipkart obtains 140-acre land at Rs 432 crore, to develop logistic park
By MYBRANDBOOK
Flipkart has acquired 140-acre land to set up their largest fulfilling centre in Asia in Manesar in Gurgaon in a bid to scale up their fulfilment infrastructure to cater to increased demand post Covid.
The executive empowered committee of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved the allotment at a cost of Rs. 432 crore. Flipkart will set up a logistic park in the land parcel over the next 3-5 years, which has a potential of a total built up area of five million square feet and will be developed in 2-3 phases. The development is expected to cost Rs. 3,500 crore and will create over 12,000 jobs in the state. The first phase is likely to be operationalised by 2022.
According to Rajesh Khullar, chairman, HSIIDC, the corporation has set up a warehousing hub in 285 acre in Manesar, in view of the increasing demand of warehousing from e-commerce companies. The land has been allotted at a bare shell cost of Rs. 3.09 crore per acre and all the infrastructure will be laid by the Flipkart group.
HSIIDC, in a statement said that Flipkart shall be engaging closely with the sellers, MSMEs & kiranas in the state to on-board them and provide market opportunity.
“Flipkart’s focused investments in its supply chain have been pivotal to customer experience offerings that have helped build trust in e-commerce. We will continue to strengthen this infrastructure and create market opportunities for lakhs of sellers and MSMEs from the state while creating new livelihood opportunities and jobs,” said Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart group.
Property consultant Knight Frank was the advisors to Flipkart for this project.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
FIREBOLTT
NETWEB TECHNOLOGIES INDIA LTD.
STERLITE TECHNOLOGIES LTD.
QUICK HEAL TECHNOLOGIES PVT. Ltd.
Technology Icons Of India 2023: Bharat Goenka
Bharat Goenka is the Managing Director of Tally Solutions. He is well ...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...