Flipkart collaborates with Adani Group to strengthen its supply chain infrastructure
Adani Group, an Indian multinational conglomerate via its press release announced this morning that it has entered into a strategic partnership with Flipkart, the country’s leading e-commerce company.
As per the agreement, Adani Logistics Limited, a pan India end-to-end logistics services provider and a wholly-owned subsidiary of Adani Ports & Special Economic Zone Limited will help Flipkart to strengthen its supply chain infrastructure and further enable it to cater to its rapidly growing customer base. Additionally, Flipkart will set up its third data centre at AdaniConneX Private Limited, which is a Chennai-based facility to capitalise on AdaniConneX’s world-class expertise and industry-leading data centre technology solutions. AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX.
As per the partnership deal, Adani Logistics Limited will construct a massive 5,34,000 sq. ft. fulfilment centre in its upcoming logistics hub in Mumbai and lease it to Flipkart to address the growing demand for e-commerce in Western India and enable several thousands of sellers and MSMEs in the region to get access to the market. The proposed centre is expected to be operational in Q3 2022 and will have the capacity to accommodate 10 million units of sellers’ inventory at any point. In addition to this, the facility will also enhance local employment and create around 2,500 direct jobs and thousands of indirect jobs. This will also be one of the largest private cloud deployments in the country.
At 12.41 pm on Monday, the share price of Adani Ports & Special Economic Zone Limited stood at Rs 753.15, which was a decrease of 8.56 per cent over its previous closing price of Rs 823.65.