Flipkart arm to set up logistics hub in West Bengal


A subsidiary of Flipkart is planning to set up a logistics hub at Haringhata in Nadia district of West Bengal, on 100 acres of land and involving investments of Rs 991 crores, the state’s finance minister has revealed

Instakart Services Pvt Ltd, a subsidiary of online retail major Flipkart, will set up a logistics hub at Haringhata in Nadia district, West Bengal’s finance minister Amit Mitra said, on October 10, 2018. The proposed hub, with an investment proposal of around Rs 991 crores, would come up within two-and-a-half years, Mitra told reporters at the state secretariat. The project will be set up on 100 acres of land in the 358-acre Haringhata Industrial Park and provide direct employment to 18,310 people, he said.

See also: Asian Development Bank to loan USD 150 million, for infrastructure in Bengal, north-east states

“The West Bengal Industrial Development Corporation (WBIDC) passed the proposal of Instakart on Wednesday (October 10, 2018) and it will be later sent to the Cabinet Standing Committee for in-principle passage, which is a formality,” Mitra said. He said Instakart had been scouting for land for the logistics hub in different eastern region states, before zeroing in on West Bengal. “They (Instakart) will perform the role of anchor investor in the industrial park, which will, in turn, attract other investors in future,” the minister said.

On the state cabinet granting 98.53 acres to The Chatterjee Group (TCG) for a new plant at Haldia, Mitra said, “From chemical products, they will go for a continuous polymerisation plant – processing fibre, spinning and cotton yarn.” The facility will lead to big employment opportunities, he added.

 

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