Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
BUSINESS

Flipkart Partners With Adani Group to Enhance Supply, Logistics Infra

E-commerce platform Flipkart has announced a strategic and commercial partnership with the Adani Group. Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, Adani Group said in a regulatory filing. In addition, Flipkart will set up its third data center at Adaniconnex Private Limited Chennai-based facility.
As part of this partnership, Adani Logistics Limited will construct 534,000 sq. ft. fulfillment center in its upcoming logistics hub in Mumbai that will be leased to Flipkart to address the growing demand for e-commerce in Western India and support market access of several thousands of sellers and MSMEs in the region.
The center is expected to be operational in Q3 2022 and will have the capacity to house 10 million units of sellers’ inventory at any point.

In addition to strengthening Flipkart’s supply chain infrastructure to support MSMEs and sellers, the facility will enhance local employment and create 2,500 direct jobs and thousands of indirect jobs.
Speaking on the strategic partnership between the two companies, Karan Adani, Chief Executive Officer of Adani Ports and Special Economic Zone (APSEZ) said, “I am delighted to see two of India’s fastest-growing businesses come together to help build some of the most critical as well as state-of-the-art infrastructure that our nation needs. This is what Atmanirbharta should be all about”.

Get Daily Prediction & Stocks Tips On Your Mobile