Flipkart to set up more logistic parks, generate 50, 000 jobs: Report

  • This comes at a time when both Flipkart and Amazon have upped ante to secure market leadership
  • The idea behind setting up logistics park is to consolidate fulfilment, sorting and transport centres as supply chain

Staff Writer
Updated24 Apr 2019, 10:49 AM IST
Last year, Flipkart announced that it was scouting for a 100-acre plot in the outskirts of Bengaluru to set up a logistics park.
Last year, Flipkart announced that it was scouting for a 100-acre plot in the outskirts of Bengaluru to set up a logistics park.(Reuters)

Bengaluru: India’s largest online retailer Flipkart is scouring for 300 acres of land across Karnataka, Gurugram, and West Bengal to set up logistics parks, according to a Business Standard report. The Walmart-owned company is expected to invest up to 5,000 crore to set up the logistics parks that may create around 50,000 direct and indirect jobs.

This comes at a time when both Flipkart and Amazon have upped ante to secure market leadership. Last year, Flipkart announced that it was scouting for a 100-acre plot in the outskirts of Bengaluru to set up a logistics park.

The idea behind setting up logistics park is to consolidate fulfilment, sorting and transport centres as supply chain is an integral part of a smooth-functioning e-commerce venture.

Also, companies, following the implementation of the goods and services tax, have been looking at consolidating warehouses and supply chain. The Future Group has a massive logistics park in Nagpur, while even Amazon India launched one of its biggest fulfillment centres in Hyderabad.


Catch all the Budget News , Business News , Industry news, Breaking NewsEvents and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:24 Apr 2019, 10:49 AM IST
HomeIndustryHuman ResourceFlipkart to set up more logistic parks, generate 50, 000 jobs: Report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Bharat Electronics

    301.50
    03:56 PM | 23 JUL 2024
    -11.1 (-3.55%)

    Tata Steel

    160.05
    03:58 PM | 23 JUL 2024
    -0.3 (-0.19%)

    Tata Power

    416.35
    03:58 PM | 23 JUL 2024
    -7.9 (-1.86%)

    NTPC

    382.35
    03:58 PM | 23 JUL 2024
    8.8 (2.36%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Network 18 Media & Investments

    85.30
    03:59 PM | 23 JUL 2024
    7.2 (9.22%)

    Asahi India Glass

    699.50
    03:29 PM | 23 JUL 2024
    55.15 (8.56%)

    CE Info Systems

    2,455.50
    03:59 PM | 23 JUL 2024
    193.45 (8.55%)

    Borosil Renewables

    518.25
    03:49 PM | 23 JUL 2024
    39.35 (8.22%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      75,195.00-315.00
      Chennai
      75,122.00-535.00
      Delhi
      75,048.00-169.00
      Kolkata
      75,561.00417.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L-0.23
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      OPEN IN APP
      HomeMarketsloanPremiumBudget