“Homegrown e-commerce giant Flipkart is our new strategic partner. In the two-prong partnership, AdaniConneX will build their new Tier 4 data centre and Adani Logistics, India’s leader in logistics, will build their 534,000 sqft fulfilment centre. Thousands of new jobs in Mumbai,” Adani Group head Gautam Adani said on social media.
Homegrown e-commerce giant Flipkart is our new strategic partner. In the two-prong partnership, AdaniConneX will bu… https://t.co/RcpU3NmtG9
— Gautam Adani (@gautam_adani) 1618197724000
The companies did not disclose the financial consideration for the agreement. The project will strengthen Flipkart’s supply chain infrastructure and create around 2,500 direct jobs and thousands of indirect jobs.
“These investments will help us strengthen our presence and capabilities in India to support MSMEs (micro, small and medium enterprises) and sellers while also accelerating job creation and growth,” Kalyan Krishnamurthy, chief executive officer, Flipkart Group, said.
Karan Adani, chief executive officer, of Adani Ports and Special Economic Zone said, “This broad-ranging partnership across our logistics and data centre businesses is a unique business model, and we see this as a great opportunity to serve Flipkart’s physical as well as digital infrastructure needs.”
Adani Group’s logistics service provider Adani Logistics will help strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers. As part of this partnership, Adani Logistics will construct a 534,000 sq ft fulfilment centre 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 centre is expected to be operational in the third quarter of 2022.
The second part of the agreement entails Flipkart setting up its third data centre at Adaniconnex Private in Chennai, leveraging AdaniConneX’s expertise and industry-leading data centre technology solutions. Adaniconnex Private is a new joint venture between EdgeConneX and Adani Enterprises.