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.
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