Amazon picks Telangana centre |
E-Commerce major Amazon has chosen Telangana over the neighboring state of Karnataka to set up its largest fulfillment centre (FC) in the country. The US-based firm, which has been facing taxation issues in Karnataka, said it has put its proposed investments in the state on hold till the matters are resolved. The e-commerce major last year had announced investment of USD 2 billion (about Rs 12,500 crore) in the country. The new FC in India will come up near Kottur, on the outskirts of Hyderabad. Spread over 280,000 sq ft, the unit will become operational by May this year. This will enable Amazon to ensure faster and quicker delivery of products to stay ahead as it competes head on with domestic rivals like Flipkartt and Snapdeal.
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