Global ecommerce giant Amazon is trying hard to grab a larger share of the $30 billion Indian e-commerce market from its arch rival Flipkart, which currently enjoys the numero uno position in the market. In its latest effort towards realising the mission, the American firm has decided to double its office space in India over the period of next one year.
Amazon, which currently has 3.1 million square feet of office space across India, is planning on adding another 2.5 million square feet. It has already acquired office space across cities such as Hyderabad, Bengaluru, Pune, Chennai and NCR. The firm plans on serving both its local and global customers from these new offices.
According to a report in the Economic Times, out of all the cities that Amazon has selected for its expansion mission, Hyderabad is most likely to get the larger piece of the pie.
It was ten years ago that Amazon started its journey in India by setting up its operations in the city of Hyderabad. It has even set up its largest fulfillment centre in India in Hyderabad recently. The centre spans over four lakh square feet and has a storage capacity of 2.1 million cubic feet.
Flipkart, which already occupies an area of 1.5 million sqft in five buildings across the city, is reportedly now considering on adding an additional 0.9-million-sqft space in the city either in the financial district of Gachibowli or Raidurgam.
All the aforementioned spaces are separate from the 3-million-sqft campus that the global ecommerce company is currently building in Hyderabad.
Amazon expanding its office space can be considered as an optimistic sign for business park developers in India after several startups in the country had to scale down their spendings considerably, by laying off staff and cutting down office space.
According to ET, Amazon isn’t the only one looking to utilise its big pockets to expand its footprint in India. Reportedly, Paytm and Flipkart, which have also raised huge amounts in funding, are also in line to go on a major expansion spree soon.
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