Flipkart may invest Rs. 5,000 cr in logistics parks, generate 50,000 jobs.

Flipkart is acquiring 300 acres in Karnataka, Gurugram and West Bengal to set up logistics parks as the e-commerce major looks at tapping the next wave of e-commerce opportunity in the country.

According to sources privy to this development, the Walmart-owned firm is likely to invest up Rs. 5,000 crore to set up these logistics parks, which are expected to generate about 50,000 direct and indirect jobs.

BS