Amazon, Flipkart lease 1.1 million sq ft warehousing space from Xander

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Two top E-commerce players in India, Amazon India, and Walmart lnc owned Flipkart has leased around 1.1 million square feet of warehousing space in Mumbai Metropolitan Region from Xander Group for a tenure of 20 years.

Xander Investment Management (XIM) Singapore-based firm had contacted these warehousing facilities in December 2019 for more than Rs 300 crore in the Bhiwandi micro-market, one of the largest warehousing hub in Asia.

One of the person said that “Flipkart and Amazon have separately entered into a long-term lease with Xander. The tenure of this is for a period beyond 20 years. They have individually leased an area of around 5-6 lakh sq ft each,”

Flipkart has already occupied around 80% of its area and is expected to occupy the balance in the upcoming 4 months. When it comes it its counterpart Amazon it has occupied around 60% area and the balance is likely to be operationalized in April this year.

Amazon spokesperson said, “At Amazon, we are committed to invest in our fulfillment network to better serve our customers across the country. We have built a strong presence in the state of Maharashtra with 11 fulfillment centers and more than 5 million cubic feet of storage space with thousands of work opportunities for people. We continue to expand our fulfillment network and further invest in the state,”.

Amazon has invested heavily in operational equipment, so the facility is set to be a fulfillment center, which will provide the entire suite of services to its vendors including storage, packaging, shipment, marketplace platform, etc.

When it comes to the reports, almost one-fourth of the total warehousing space in India was leased to e-commerce firms such as Flipkart and Amazon during 2019-2020. This is further expected to accelerate, due to larger behavioral changes towards online retail following the outbreak of the Covid-19 pandemic.

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