trending Market Intelligence /marketintelligence/en/news-insights/trending/CjseWOVLE09a9tJedWuWvA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Flipkart registers food retail unit with 20B-rupee investment

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Flipkart registers food retail unit with 20B-rupee investment

Walmart Inc.'s Indian e-commerce company Flipkart Online Services Pvt. Ltd. has registered a new unit, called Flipkart Farmermart, that will specialize in food retailing in the country, Press Trust of India reported Oct. 15, citing Flipkart CEO Kalyan Krishnamurthy.

"In line with the Government of India's FDI policy, which allows 100% foreign direct investment in food retail for food produced and manufactured in India, Flipkart is applying for appropriate licenses from the government," Krishnamurthy reportedly said in a statement.

Flipkart did not disclose the size of its planned investment in the new venture, but according to PTI's sources, the company is expected to invest about 20 billion Indian rupees in the business and infuse more funds as required.

Flipkart Farmermart will aim to help Indian farmers, as well as the country's food processing industry, according to the report.

"We're looking forward to invest more deeply in local agri ecosystem, supply chain and [to work] with [hundreds of thousands] of small farmers, Farmer Producers Organizations, food processing industry in India, helping multiply farmers' income and [bringing] affordable, quality food for millions of customers across the country," Krishnamurthy reportedly added.

Walmart and Flipkart rival Inc. already has an online food retail license in India. Back in April, Amazon invested 2.4 billion Indian rupees into its food and grocery retail business Amazon Retail India Private Ltd. after the Indian government approved sales of food on Amazon's local e-commerce site.

As of Oct. 15, US$1 was equivalent to 71.49 Indian rupees.