Flipkart ties up with Adani to set up logistics hub and data centre
WAREHOUSING & LOGISTICS

Flipkart ties up with Adani to set up logistics hub and data centre

Walmart owned e-commerce major Flipkart has tied up with Adani Logistics Ltd, a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), to set up one of India's largest logistics hubs in Mumbai and a data centre in Chennai.

In a joint statement, the two companies told the media that Adani Logistics would build a 534,000 square feet fulfilment centre in its upcoming logistics hub in Mumbai and lease it to Flipkart.

The fulfilment centre, which is to be set up at the Adani Logistics hub in Mumbai, will be leased to Flipkart, while the proposed data centre is due to come up at AdaniConnecX's facility in Chennai, the companies said.

Flipkart will develop its third data centre at the AdaniConnecX facility to keep its data within India. AdaniconneX Private Ltd is a joint venture between US's EdgeConneX Inc and Adani Enterprises Ltd (AEL), the flagship-listed unit.

Expected to be operational in the third quarter of 2022, this warehouse can store 10 million inventory units, the alliance said.

For Flipkart, the alliance with Adani Group comes at a critical juncture as it battles increasing competition from the aggressive digital forays of India's largest business houses—Reliance Industries Ltd (RIL) and the Tata Group in addition to the challenge posed by rival Amazon.

The new fulfilment centre being planned is likely to be larger in area than the ones operated by Amazon in India so far, underscoring the market's potential size.

The tie-up marks Adani Group's entry into the three-way fight for domination of the Indian online shopping sector.

Image Source


Also read: Adani Group to set up hyperscale data centre in Chennai

Also read: Mahindra, Flipkart join hands to use EVs in last-mile logistics

Also read: ICRA Ratings: Indian logistics sector revives significantly

Walmart owned e-commerce major Flipkart has tied up with Adani Logistics Ltd, a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), to set up one of India's largest logistics hubs in Mumbai and a data centre in Chennai. In a joint statement, the two companies told the media that Adani Logistics would build a 534,000 square feet fulfilment centre in its upcoming logistics hub in Mumbai and lease it to Flipkart. The fulfilment centre, which is to be set up at the Adani Logistics hub in Mumbai, will be leased to Flipkart, while the proposed data centre is due to come up at AdaniConnecX's facility in Chennai, the companies said. Flipkart will develop its third data centre at the AdaniConnecX facility to keep its data within India. AdaniconneX Private Ltd is a joint venture between US's EdgeConneX Inc and Adani Enterprises Ltd (AEL), the flagship-listed unit. Expected to be operational in the third quarter of 2022, this warehouse can store 10 million inventory units, the alliance said. For Flipkart, the alliance with Adani Group comes at a critical juncture as it battles increasing competition from the aggressive digital forays of India's largest business houses—Reliance Industries Ltd (RIL) and the Tata Group in addition to the challenge posed by rival Amazon. The new fulfilment centre being planned is likely to be larger in area than the ones operated by Amazon in India so far, underscoring the market's potential size. The tie-up marks Adani Group's entry into the three-way fight for domination of the Indian online shopping sector. Image Source Also read: Adani Group to set up hyperscale data centre in Chennai Also read: Mahindra, Flipkart join hands to use EVs in last-mile logistics Also read: ICRA Ratings: Indian logistics sector revives significantly

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?