Flipkart and Adani Deal for India’s largest warhose;

Walmart-owned online retaile Flpkart and Ahmedfabad-based Adani Group Monday announced the signing of a strategic and commercial deal to build one of the largest warehouses in India, in addition to developing a date centre.
What is this DEAL?
The logistics unit of Adani Group, Adani Logistics Ltd, will construct a fulfillment centre, or a retail warehouse, With an area of 5.34 lakh sqft in its upcoming logistics hub in Mumbai, which will be leased to Flipkart. The warehouse, which is expected to be operational by 2022, will have the capacity to house 10 million units of sellers inventory at any point. Further, Flipkart will develop its third data centre at the AdaniConnecX facility in Chennai as a part of one of th largest private cloud deployments in the country, Thereby further strengthening its e-commerce business in India. AdaniConnecX is a joint-venture date centre company between Adani Enterprises and US-based EdgeConnecX.
What does it mean for Adani Group?
The deal means that the Adani Group now has a leg in the battle among US-based Amazon, Mukeah Ambani’s Reliance Industries and the Walmart-owned online retailer. 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 need, We look forward to a long and fruitful partnership as we foucs on learning from each other as well as as leveraging our mutual strengths to prioritise consumers and development of India’s MSME ecosystem, Said Karan Adani, CEO of Adani Ports and Special Economic Zone.

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