To Develop Logistic Park Flipkart Acquires Land At Rs 432 Crores
Walmart owned E-commerce major Flipkart has acquired 140-acre land to set up its largest fulfilling center in Asia. In the land acquired at Manesar, Gurugram the company would set up a logistic park over the next 3-5 years. The park would have a total buildup area of 5 million square feet and will be developed in 2-3 phases. The estimated cost of the project is Rs 3500 crore and it will create over 12, 000 jobs in Haryana.Â
Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved the land allotment at a cost of Rs 432 crore. The logistic park is likely to be operationalized by 2022. Flipkart would also be engaging closely with the sellers, MSMEs & kiranas in the state to onboard them and provide market opportunity.