Flipkart’s subsidiary Instakart Services Pvt Ltd will set up a logistics hub at the Haringhata Industrial Park in West Bengal’s Nadia district, according to the state’s finance minister Amit Mitra. The proposed hub, with an investment proposal of around ₹991 crore, would be established within two-and-a-half years, Mitra recently said in Kolkata.
To be set up on 100 acres, the project is expected to provide direct employment to more than 18,000, a news agency report quoted the minister as saying.Flipkart's subsidiary Instakart Services Pvt Ltd will set up a logistics hub at the Haringhata Industrial Park in West Bengal's Nadia district, according to the state's finance minister Amit Mitra. The proposed hub, with an investment proposal of around ₹991 crore, would be established within two-and-a-half years, Mitra recently said in Kolkata.#
The Instakart proposal was recently passed by the West Bengal Industrial Development Corporation (WBIDC), which will be later sent to the Cabinet Standing Committee for in-principle passage, a formality, Mitra said.
Instakart will be the anchor investor at the park to attract other investors, he said.
The state cabinet recently granted 98.53 acres to The Chatterjee Group (TCG) for a new plant at Haldia for a continuous polymerisation plant to process fibre, spinning and cotton yarn. (DS)
Fibre2Fashion News Desk – India