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Amazon opens 280,000 square feet warehouse near Hyderabad

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Hyderabad: Global e-commerce major Amazon on Wednesday opened its biggest ‘fulfilment centre’ (FC) or warehouse in India, at Kothur in Telangana. Spread over 280,000 square feet, the facility has come up in Mahabubnagar district, about 60 km from Hyderabad.

This has taken Amazon to 11 FCs in eight states, covering one million square feet of space with a storage capacity of over 2.5 million cubic metres, the company said. The new facility, which has come up with the largest investment by Amazon in any state, will help small and medium businesses (SMBs) in Telangana and the nearby region to gain access to and provide service to customers across the country at low operating costs.

Amazon India’s Director for Operations, Akhil Saxena said the FC will also enable faster and quicker delivery of products to amazon.in customers in the region. Amazon has already signed a memorandum of understanding (MoU) with Telangana to train thousands of sellers across the state in e-commerce and take advantage of the digital economy.

Amazon India will offer trainings to SMEs through seminars, workshops, video aids and ready reckoners on how to list and manage inventory for an e-commerce business. Telangana’s Information Technology Minister K. Tarakarama Rao, who inaugurated the FC, said Amazon will build a 2.5 million square feet campus in Hyderabad, which will be its biggest campus outside the United States.

Saxena said that work on the project would begin soon. The State Government has allotted 10 acres of land for the campus in the IT corridor of Gachibowli. He declined to share the quantum of investment. An official in the state’s IT department said that Amazon will be investing about Rs.1,800 crores in the facility.

The minister, who visited the US last month, told that he requested Amazon to set up a data centre in Hyderabad and bring Amazon Web Services (AWS), a collection of remote computing services, to Telangana.

He expects a delegation from the US to visit Hyderabad soon to study the proposal. (IANS)

 

 

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James Murdoch Isn’t Taking Over Tesla: Elon Musk

Musk is still the CEO of Tesla.

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Elon Musk, CEO of SpaceX. Wikimedia.

Tesla CEO Elon Musk has denied that James Murdoch, the younger son of media mogul Rupert Murdoch, is going to replace him at electric car maker Tesla.

Reacting to a Financial Times report that claimed James Murdoch was going to join Tesla as Chairman, Musk tweeted on Thursday that this was not true.

Tesla CEO Elon musk
Elon Musk agrees to step down as Chairman (VOA)

“This is incorrect,” tweeted Musk, reacting to the report.

James Murdoch, who serves as a director on Tesla’s board, is set to end his innings as 21st Century Fox’s CEO.

Media reports have also thrown names like former Vice President Al Gore and Jim McNerney of Boeing as potential candidates to lead Tesla.

tesla, maezawa, elon musk
Tesla has become the most valuable American carmaker, with its stock worth more than $50 billion. Pixabay

Coming under pressure from his lawyers and investors of Tesla, the tech billionaire on September 29 agreed to step down as Tesla Chairman for three years and paid a $20 million fine, in a deal with the US stock market regulatory authority, the Securities and Exchange Commission (SEC), to resolve securities fraud charges.

Also Read: Tesla Launches a New Programme That Lets You Send Images Into Space

Tesla paid another $20 million to the SEC, despite not being charged with fraud.

Musk is still the CEO of Tesla. (IANS)

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