Flipkart to build logistics parks in Karnataka, Gurugram, WB

April 25, 2019: E-commerce company Flipkart is planning to set up logistics parks in 300 acres of land in Karnataka, Gurugram and West Bengal, as part of its expansion plan. The construction is expected to begin shortly in West Bengal.

The company is likely to invest Rs 5,000 crore to set up these parks, which is expected to generate 50,000 jobs.

Flipkart, which is locked in an intense battle for market leadership in India with American retail giant Amazon, has recently opened a new database centre in Hyderabad, its second such facility in the country. The new infrastructure will help Flipkart tap the next 200 million customers, as per sources.

Media reports suggested that Amazon is also expanding its warehouse capacity, and it has reportedly bought additional logistics space in Hyderabad.

Walmart CEO Doug McMillon, who visited India last week, had expressed satisfaction at the progress made by Flipkart and said that Walmart is committed to the Indian market given the huge opportunity that the country presents.

McMillon assured continued commitment towards taking e-commerce to next 200-300 million customers in India.

Last month, Walmart had invested Rs 763 crore in its step-down subsidiary PhonePe, which was acquired by Flipkart in 2016.