Flipkart CEO Predicts Uttar Pradesh to become India’s First Trillion-Dollar State Economy

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Flipkart, Chief Executive Officer, Kalyan Krishnamurthy recently made couple of predictions for the state of Uttar Pradesh. Currently Flipkart is betting big on state of Uattr Pradesh an is willing to partner with UP to rope in 200-300 million customers to experience e-commerce and connect Medium and Small Scale Enterprises, suppliers, small farmers and farmer-producer organisations to the marketplace.

Projects that formed part of the second groundbreaking ceremony will help in Uttar Pradesh’s quest to be the first trillion-dollar state economy in India, said Flipkart Group Chief Executive Officer Kalyan Krishnamurthy.

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“UP is an important state for us at Flipkart. We not only have many sellers and local MSME (micro, small and medium enterprise) manufacturers who are accessing the nationwide market to sell their products more efficiently and in a cost effective way, but also are encouraging local handicrafts to market their products,” he said.

“The groundbreaking ceremony will play a key role in propelling Uttar Pradesh as an industrial and innovation hub in the country and help in the state’s quest to be India’s first trillion-dollar state economy,” he said on the sidelines of the event for groundbreaking of industrial projects worth around Rs 65,000 crore.

“Thousands of artisans, small businesses, and women entrepreneurs are finding partnerships with Flipkart beneficial as they grow and connect with a pan-India market,” he said.

Using homegrown technology and innovation, Flipkart is proud of making a difference in the lives of millions of people, he said, adding that through Myntra, a fashion platform, “we are excited to give market access to artisans/weavers across the state”.

“We are looking forward to partner with UP as we bring in the next 200-300 million customers to experience e-commerce and connect lakhs of MSME suppliers, small farmers, and farmer-producer organisations to the marketplace while creating lakhs of new livelihood opportunities,” the Flipkart Group CEO added.

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Flipkart, which was recently been acquired by the United States retail giant Walmart in 2018, is very much interested on promoting MSMEs and one-district-one-product (ODOP) in Uttar Pradesh, its Chief Corporate Affairs Officer Rajneesh Kumar said earlier.

Walmart India’s main area of specialization is cash and carry business and for that it needs to source directly from farmers and Farmer Producer Organisations (FPOs) and local suppliers, and help small kiranas become more efficient and profitable, Kumar said.

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