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Homegrown e-commerce firm Flipkart will spend about $2.5 billion in the next five-six years on building a network of warehouses and strengthening logistics support systems.
Flipkart Chief Operating Officer and Co-founder Binny Bansal has said the firm would spend $500 million on building a network of 80-100 warehouses (or fulfillment centres) across "length and breadth of the country".
"We will invest a couple of billion more on logistics as we spread our network," he said.
E-commerce firm Flipkart has opened its fulfilment centre in Hyderabad.
Flipkart COO and co-founder Binny Bansal said the 2.20 lakh sq ft facility was their 17th such facility in the country.
Telangana Finance Minister Eatala Rajender formally inaugurated the facility at Gundla Pochampally near here.
The facility provides 17,000 direct and indirect jobs. The company claims this is the first fully automated warehouse in the country.
Bansal said the firm delivers six lakh orders a day.
The facility has a 1-km-long conveyor belt with 'intelligent' systems attached to it.
It can sort 6,000 shipments an hour.
Bansal said the firm would spend $500 million over the next four-five years to build a network of 80-100 fulfilment centres across the country. Half of them would come up in tier-II and tier-III towns.
The firm has no plans to raise funds for its network expansion. "We are well capitalised. We have invested $100 million so far," he said.
The South contributes 40 per cent to its overall business.
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