From Bloomberg, April 12:
Walmart Inc.’s e-commerce unit, Flipkart Online Services Pvt., signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India as the U.S. giant gears up to battle Amazon.com Inc. and homegrown rivals in the South Asian nation.
The partnership marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is not just Amazon, but also Reliance Industries Ltd., the conglomerate owned by Mukesh Ambani, India and Asia’s richest man.
They all want a slice of a market estimated to generate $200 billion in sales by 2026 — turbocharged by pandemic restrictions that are keeping people away from brick-and-mortar stores.
Adani Logistics Ltd., a unit of Adani Ports & Special Economic Zone Ltd., will build a 534,000-square-feet fulfillment center in its upcoming logistics hub at Mumbai and lease it to Flipkart, the companies said in a joint statement Monday. Expected to be operational in the third quarter of 2022, this warehouse — roughly the size of 11 football fields — can store 10 million units of inventory, the firms said.
Bengaluru-based Flipkart will also develop its third data center at the AdaniConnecX facility in Chennai to help the e-commerce company keep its data within India, according to the statement. Adaniconnex Private Ltd. is a joint venture between U.S.’s EdgeConneX Inc. and Adani Enterprises Limited., the conglomerate’s flagship listed unit....
....MUCH MORE
As we saw in April 4's "To make ordering things feel convenient, vast landscapes must be sacrificed to logistics":
....According to the real estate firm Knight Frank, every £1 billion spent online demands 1.3 million square feet of further warehousing....
So there should be much more to come if they are going to scale further.
Related:
"After Losing China, Jeff Bezos Really Wants to Win in India" (AMZN)
Reuters Special Report: "Amazon documents reveal company’s secret strategy to dodge India’s regulators"
There was a story a couple months ago that Amazon operatives in India had asked a court to jail one of their competitors....
