Flipkart to Set up Logistics Park in Karnataka

Startup News- Entrepreneurs of India

Homegrown e-tailer Flipkart is planning to set up a 4.5-million-sq.ft logistics park, spread across 100 acres, in Karnataka to reinforce their infrastructure.

Flipkart, which is in talks for an investment with retail giant Walmart, plans to build this integrated logistics park to improve supply chain efficiency and reduce costs by deploying mechanised warehousing, acting as a freight aggregation and distribution hub along with leveraging on its technology.

Currently, Flipkart has 21 fulfillment centres across India while its rival Amazon has 56.

The company is planning to complete the first phase of the project by 2019. According to reports, Flipkart is in the process of land acquisition for the project.

“We have started the process of scouting for land and this would be one of the biggest investments from Flipkart aimed to serve company needs for next 10 years,” said Amitesh Jha, head of Ekart, the logistics arm of Flipkart.

Through the project,Flipkart aims to bring down overall cost and improve delivery efficiency.

“Your standard e-commerce delivery time will come down by as much as 50%,” added Jha.

Flipkart expects to create  5000 direct job opportunities through this project apart from additional indirect jobs.

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