Lucknow - May 19, 2023: IIM Lucknow - Center for Public Policy, today hosted an event at their campus in partnership with the Department of State tax, Department of state planning, Government of Uttar Pradesh and Flipkart to deliberate on the role of e-commerce in achieving the vision of USD 1 trillion economy for the state. The discussions touched upon the e-commerce platforms' impact on the state's economy and how collaborative efforts can maximize this potential. This joint event was aimed at discussing opportunities, policies and activities that will enable inclusive growth for the MSMEs in Uttar Pradesh. Key strategies and action items were discussed, which could help support the entrepreneurial ecosystem and progress towards Uttar Pradesh's vision.
Platforms like Flipkart are democratizing technology by lowering the cost of conducting online business, simplifying on-boarding, and supporting financial management for MSMEs. This is helping contribute to the state's economy.
Flipkart's Investment in UP
Flipkart's key investments in UP include:
Establishing 8 fulfillment centers and mother hubs.
Over 21,000 kiranas partnering as delivery partners.
Around 80,000 sellers from the state on its platform.
Collaborating with the ODOP (One District One Product) program to onboard district-specific products like Siddharthnagar Kala Namak Rice, leather products from Agra, sports goods from Meerut and locks from Aligarh.
Over 6 lakh products from the state listed on the marketplace, generating a GMV of over 1 crore.
MoUs with the District Administration of Varanasi and the Uttar Pradesh Khadi & Village Industries Board (UPKVIB), helping to create around 2,40,000 job opportunities so far.
Shri. Pankaj Chaudhary, Hon'ble Minister of State for Finance, Government of India, said, "The government is committed to providing a supportive framework and a conducive ecosystem for MSMEs to thrive and adopt digital commerce. Infrastructure investments in the state such as warehouses, logistics networks, and last-mile delivery services, are further creating jobs. Through e-commerce platforms MSMEs now have access to a vast customer base, leading to increased sales and revenue."
Shri. Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, said, "MSMEs can witness a multiplier effect through digitization and adoption of e-commerce. We aim to continue to strengthen our partnership in the state and contribute to achieving its goal of becoming a USD 1 trillion economy. We are committed to providing the right tools and technology to enable MSMEs and other sellers from UP, including ODOP partners, to scale up their entrepreneurial endeavors."
Prof. Archana Shukla, Director, IIM Lucknow, said, "E-commerce is a powerful means of driving socioeconomic development, and we hope today's knowledge-sharing session will lead to further dialogues and partnerships in this direction."
About the Flipkart Group
The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip. It has a registered customer base of more than 450 million and over 11 lakh sellers on the platform. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns.
For more information, please write to media@flipkart.com.
