Saturday, January 28

Amazon India setting up 5 new warehouses amid intense competition from Flipkart

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Amazon on Thursday said it is setting up five more warehouses in as many cities including Bengaluru, Gurgaon and Mumbai, as the global e-tailing giant looks to strengthen its delivery capabilities amid intense competition from rivals like Flipkart. With the addition of these new facilities, Amazon will have 67 fulfilment centres (FCs) in 13 states, with a total storage capacity of over 20 million cubic feet, it said in a statement.The company said these FCs will be fully operational before the festive season of 2018 but didn’t disclose any investment details. FCs are warehouses where sellers can stock their inventory. They can save money by replacing their upfront capital expense with low variable cost and pay only for the storage space they use and the orders Amazon fulfils.

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