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Flipkart may invest Rs 5,000 cr in logistics parks, generate 50,000 jobs

These investments are expected to give an edge to Flipkart

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Flipkart  |  Karnataka  |  Gurgaon

Peerzada Abrar & Karan Chowdhury  |  Bengaluru 

Flipkart is acquiring 300 acres in Karnataka, Gurugram and West Bengal to set up logistics parks as the e-commerce major looks at tapping the next wave of e-commerce opportunity in the country.

According to sources privy to this development, the Walmart-owned firm is likely to invest up Rs 5,000 crore to set up these logistics parks, which are expected to generate about 50,000 direct and indirect jobs. These investments are expected to give an edge to Flipkart, which is locked in a fierce battle with Walmart’s US rival Amazon to dominate the online retail market in ...

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First Published: Wed, April 24 2019. 01:57 IST
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