Kolkata, Mar 28 (KNN) Indian E-Commerce giant Flipkart is planning to set up an integrated logistics hub in Bengal with an investment of around Rs 650 crore.

The logistics hub will be set up over 80 acres of land in Bengal to facilitate faster delivery to buyers in the eastern and north-eastern parts of the country, All India Trinamool Congress has said.

It said Flipkart plans to develop 40 lakh square feet in phases, and the investment will be around Rs 650 crore. The hub will result in the creation of jobs for 5,000 people.

The logistics hub will house several Flipkart fulfilment centres and sorting centres and will act as the node of the company’s east India operations.

The vice-president of the company said the idea is to move closer to demand centres.

The logistics hub would improve supply-chain efficiency and reduce costs by deploying mechanised warehousing and leveraging technology for intelligent transport systems.

With the goods and services tax (GST) doing away with multiple state level taxes, e-commerce firms are increasingly exploring ways to manage the supply chain with fewer but larger warehouses.

The Bengal Government has identified the potential of the sector and has prepared a policy to support the sector, announced at the Bengal Global Business Summit (BGBS) in January, said Mamata Banerjee led party.