@Gowri Shankar
No, you cannot decompress .zip files.
Please note that .zip is not a file compression format but a compressed archive format. As such it could contain more than one file. Thus you cannot support .ZIP as a compression format. Instead you use .gz (which is a compression format).
If you want to create an external table over a ZIP archive, you either need to unpack the archive (and recompress the files individually with any of the supported compression formats) or you have to create your own data source adapter that will know how to handle ZIP archives and the files contained in the archives.
Thanks
Saurabh
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