E-commerce giant Flipkart acquires 140 acre land to develop logistics park

The Indian e-commerce giant Flipkart has been allotted 140 acres of land by the Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) for setting up the largest fulfilment centre, spread across the area of 3 million square feet in, Manesar near Gurgaon. HSIIDC has approved the allotment at a cost of INR 432 crore.

According to reports, the Walmart-owned e-commerce giant intends to set up a logistics park on the land parcel over the next 3-5 years. The park, which has a potential of a total built up area of 5 million square feet, shall be developed in 2 -3 phases, with the first phase of the project commencing from 2022.

Development of the park is expected to cost INR 3,500 crore in capital investment and shall create more than 12,000 jobs in the state.

Rajesh Khullar, PSCM and Chairman, HSIIDC informed that in view of the increasing demand of warehousing from e-commerce companies, HSIIDC has set up a warehousing hub over an area of 285 acres in Patli Hazipur, Manesar.

He added, “The land has been allotted at a bare shell cost of INR 3.09 crore per acre and all the infrastructure will be laid by the Flipkart group”

According to the HSIIDC, this project shall give impetus to further investments in the region and shall be a prestigious project for Haryana.

Flipkart currently employs more than 10,000 people in Haryana across its supply chain assets and has created lakhs of indirect jobs in the state.

The company has also partnered with the National Skill Development Corporation’s Logistics Skill Sector Council to provide training on the nuances of supply chain and delivery, to ensure skill development, career progression and growth for its employees.

Property consultant Knight Frank were the advisors to Flipkart for this project.

Flipkart has 12 supply chain assets in Haryana, including supply chain infrastructure for large appliances, non-large (including mobiles, apparel), grocery and furniture.

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