The allotmentwas approved by the Executive Empowered Committee of HSIIDC in its meeting heldhere on Wednesday under the Chairmanship of Principal Secretary to Haryana Chief Minister- cum- Chairman HSIIDC, Rajesh Khullar.
In view of the increasing demand of warehousing from e-commerce companies, HSIIDC has set up a warehousing hub over an area of 285 acre at Patli Hazipur.
He further said the land has been allotted at bare shell cost of Rs 3.09 crore per acre and all infrastructure facilities shall be laid by Flipkart.
This project shall give impetus to further investments in the region and shall be a prestigious project for Haryana, Khullar said.
Flipkart will be setting up a logistics park in the said land parcel over the next 3 to 5 years which has a potential of a total built up area of 5 million square feet and shall be developed in 2 -3 phases. The first phase of the project shall be operational by 2022, the statement quoting a representative of Flipkart, further said.
The sustainable development of the park is expected to cost more than Rs 3,500 crore in capital investment and shall create more than 12,000 jobs in Haryana over these years and boost the infrastructure for the sellers, MSMEs, women entrepreneurs from the state and the region, as per the statement.
Flipkart shall be engaging closely with the sellers, MSMEsand 'kiranas' in the state to onboard them and provide market opportunity.Knight Frank were the advisors to Flipkart for this project, it said.
The statement quoting Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart, said Flipkart's focused investments in its supply chain have been pivotal to path-breaking, customer experience offerings that have helped build trust in e-commerce.
Today we have one of the strongest andresilient supply chain networks in the country, making over 40 million deliveries every month and employing more than 1,20,000 people across the country in the supply chain. We will continue to strengthen this infrastructure and create market opportunities for lakhs of sellers and MSMEs from the state while creating new livelihood opportunitiesand jobs, he said.
Flipkart already has 12 supply chain assets in Haryana, including supply chain infrastructure for large appliances, non-large (including mobiles, apparel), grocery and furniture. The company employs more than 10,000 people in Haryana across its supply chain.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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