Flipkart to invest Rs 5000 crore in logistics parks

Several recent media reports suggest that the Walmart– owned domestic e-commerce giant Flipkart is all set to invest a staggering Rs 5000 crore in creating large scale logistics parks across three locations in the country – Karnataka, Gurugram and West Bengal. The company is looking to acquire land parcels amounting 300 acres to set up the three units. According to a newspaper report, construction of its proposed West Bengal logistics parks will begin shortly.

Flipkart’s closest rival Amazon is also working on improving and expanding its back-end infrastructure and is reportedly scaling up the capacity of its Hyderabad logistics parks by buying additional land. Flipkart’s fresh investment plan in logistics parks is in response to capturing next set of 200 million online customers in the country. According to a newspaper report, Walmart  CEO Doug McMillon had visited Bangalore recently and expressed satisfaction with the progress made by Flipkart in further expanding its base.

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