Walmart and expansion truly go hand in hand as the company continually pivots its strategies across the globe. With the company investing in Flipkart for some time now, Walmart is consistently looking to build out its retail network across India. Most recently, Flipkart has advanced its own expansion, opening up a 50,000 square-foot fulfillment center in Lucknow, India.
"E-commerce has become one of the strongest propellers of economic activity in the country with its large-scale development of state-of-the-art infrastructure,” remarked Rajneesh Kumar, SVP and Chief Corporate Affairs Officer, Flipkart Group. “Flipkart has made several investments to strengthen infrastructure to support the growth of e-commerce and in turn job creation. In the state of Uttar Pradesh, we have nearly 190 facilities and are delighted to inaugurate our first fulfillment center for grocery."
He went on to note even more potential in the investment.
"This will not only help in boosting farmers' income but also provide an opportunity to invest deeply in the local agriculture-ecosystem and work with tens of thousands of small farmers and FPOs to bring them into the formal retail ecosystem. We are very thankful for the support of the state government as we expand our operations and continue to meaningfully address the needs of customers and contribute to the state economy," Kumar stated.
Flipkart has roughly 190 facilities across the region at present. This new fulfillment center will expand the potential of first-time e-commerce customers, as well as bolster the local food processing industry and connect producers to new businesses, according to a press release.
How will this new expansion continue to build out the company’s network and how will Walmart see this expansion as a boon for its own growth efforts? Deli Market News will continue to update you on the latest moves in retail.