Amazon inaugurates its world largest campus in Hyderabad, can accommodate 15,000 employees
Hyderabad, Aug 21: US-based e-commerce giant Amazon on Wednesday inaugurated its new campus here - its largest facility globally - that will house 15,000 of its employees in India.
The campus building contains over 2.5 times more steel than the Eiffel Tower, measured by weight, and is spread over 9.5 acres of land.
With 15,000 work points across 1.8 million sq ft in office space, built on 3 million sq ft of construction area - this is Amazon's single largest building in the world in terms of total area, said Amazon Vice President of Global Real Estate and Facilities John Schoettler.
"We have eight buildings in Hyderabad with 4 million sq ft of office space. We are going to be migrating some of the employees out of some of those facilities (to the new campus). So far as of today, we moved around 4,500 to the (new campus). The building can hold - at any given point of time - 15,000 people," he told reporters here.
This is the only Amazon-owned campus outside the US. The move strengthens Amazon's focus on talent in India, where the company has over 62,000 full-time employees.
"It (Hyderabad campus) is also the largest technology base outside Seattle (Amazon's headquarters). The employees (in Hyderabad) include software development engineers, machine learning scientists, product managers, finance and many other functions," Amazon India Senior VP and Country Manager Amit Agarwal said.
Amazon had laid the foundation stone for the campus building on March 30, 2016. An average of 2,000 workers were on the site every day for 39 months to construct the building, spending 18 million man-hours.
The company, which is locked in an intense battle for market leadership in India with Walmart-owned Flipkart, has also focussed on sustainability while designing the new facility.
The campus has more than 300 trees dotting its grounds with three specimen trees aged over 200 years and has an 850,000-litre water recycling plant, Schoettler said.
Amazon has three fulfilment centres in Telangana offering more than 3.2 million cubic feet of storage space to sellers, two sort centres with one lakh sq ft of processing capacity and 90 delivery stations, a statement said.
Emphasising the company's commitment to the Indian market, Agarwal said it has already announced USD 5 billion investments in India, and another USD 500 million in food and retail.
"We continue to invest across all over businesses," he added.
He said the company has not seen a slowdown in its business in India.
"As far as our services go, we don't see any slowdown. There could be multiple reasons. I think one thing to keep in mind is that e-commerce is very, very small...it is probably just 3 per cent (of total retail). When you are that small, there is so much room to grow," he said.
Agarwal said the company had launched its Global Selling programme in India a few years ago that allows small and medium businesses in the country to sell to customers in other countries.
"What we have seen is while we have 500,000 sellers in the marketplace selling nationally, for exports already we have 50,000 signed up. We have 140 million items that are available on Amazon.com in the global marketplaces. The cumulative exports so far since launch has crossed USD 1 billion and in the next three years, it is expected to go 5 times to USD 5 billion," he said.
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
