Walmart Inc.'s Indian e-commerce marketplace seller Flipkart is working with a billionaire's firm in that country to build a huge retail warehouse.
Flipkart and Adani Logistics Ltd. plan a 534,000-square-foot fulfillment center in Mumbai, the companies said in a news release Monday. Adani Logistics will build the center and lease it to Flipkart, which aims to meet growing e-commerce demand and support market access for its thousands of sellers.
The companies expect the warehouse to be operational in the third quarter of 2022. It will use state-of-the-art technology and have the capacity to house up to 10 million items of sellers' inventory.
The project is expected to create about 2,500 direct jobs and thousands of indirect jobs, the companies said.
Flipkart is also developing a data center at another new Adani facility as its infrastructure needs grow.
India's largest end-to-end logistics provider, Adani Logistics is part of a group of companies owned by Gautam Adani. He is ranked 22nd on Forbes' list of the world's billionaires, with a net worth of $53.3 billion.