Flipkart on Monday announced that he had entered into a high-profile business relationship with Adani Group. Under the partnership, Flipkart will work with Adani’s logistics unit to strengthen the country’s supply chain infrastructure. The e-commerce company has added that it will establish its third data centre at the Adaniconnex Private Limited based facility in Chennai.
According to the official release, Adani Logistics Limited has established a 534,000 sq. Ft. At its future cargo store in Mumbai, it will also be leased to Flipkart. The facility is expected to operate in Q3 2022 and will have the capacity to build 10 million units in retail stores at any one time. Flipkart added that the centre will also help support MSMEs and vendors on its platform. It says the centre will help create about 2,500 direct jobs and thousands of indirect jobs.
At the data centre, Flipkart said the AdaniConnecX centre would be a brand new centre and would allow the e-commerce company to build a data centre based on its infrastructure needs and focus on security and data security.
“These funds will help strengthen our presence and capacity in India to support MSMEs and retailers and also accelerate job creation and growth,” said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group.
“This comprehensive relationship between our asset management and data businesses is a unique business model, and we see this as a great opportunity to provide physical and digital infrastructure needs. Flipkart has played a major role in defining e-commerce acceptance in India, both in terms of value and its continuous technology to serve its customers. We look forward to a long and fruitful partnership as we focus on learning from each other and using our strength together to prioritize consumers and the development of India’s MSME program, ”said Karan Adani, Chief Executive Officer of Adani Ports and Special Economic Zone (APSEZ).
The latest announcement comes amid reports that Walmart owner Flipkart is planning an IPO in the fourth quarter of this year that could cost the company more than $ 35 billion.