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Ease of Doing Enterprise for MSMEs: Walmart-owned Flipkart continues to develop its outreach initiatives to deliver small companies into the e-commerce fold. The IPO-bound e-commerce firm has introduced a partnership with IIM Sambalpur in Odisha to assist small companies, artisans, and weavers promote on Flipkart’s market. Flipkart mentioned in an announcement that an “operational framework to help under-served communities” will likely be created by way of this partnership to boost their market attain. Based on the programme, Flipkart’s executives will share operational know-how, market and client insights with companies.
“By combining institutional studying and sensible {industry} expertise, we goal to supply entrepreneurs greatest practices and deeper perception on the right way to leverage e-commerce for his or her development. We’re hopeful that weavers, artisans and farmers will leverage this chance to showcase their expertise and high-quality conventional heritage merchandise to a nationwide client base and attain new heights and recognition,” mentioned Prof Mahadeo Prasad Jaiswal, Director, IIM Sambalpur. The collaboration extends Flipkart’s partnerships with educational establishments.
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Final yr, the corporate had tied-up with IIT Patna to assist create industry-focused utilized analysis within the areas of Synthetic Intelligence (AI), Pure Language Processing (NLP), and Machine Studying (ML) for college students and professors to work carefully with Flipkart on analysis tasks. The corporate additionally works carefully with the Indian Institute of Science (IISC), IIT (Kharagpur, Bombay, and Kanpur), IIM (Ahmedabad and Kolkata), and some overseas universities like Carnegie Mellon College and the College of California, San Diego to develop applied sciences corresponding to trend advice, question understanding, attribute extraction, demand planning, product categorization, evaluation helpfulness, provide chain administration, fraud detection, and subsequent basket prediction.
“Our group’s experience, expertise, learnings and insights serving a pan-India market will come very useful for MSMEs, artisans, and the Indian handicraft {industry} by way of this partnership with IIM Sambalpur,” mentioned Rajneesh Kumar, Chief Company Affairs Officer, Flipkart Group. Underneath the Flipkart Samarth initiative, the corporate had partnered with a number of states together with Odisha to assist onboard Odia manufacturers corresponding to Boyanika, Utkalika, and Sambalpuri Bastralaya, amongst others, on its e-commerce market.
In the meantime, Flipkart together with its founders Sachin Bansal and Binny Bansal have been issued a “present trigger discover” in early July by the Enforcement Directorate (ED) asking them why they shouldn’t be fined $1.35 billion for allegedly violating overseas funding legal guidelines, Reuters had reported on Thursday. Based on the report citing an ED official, the case was associated to an investigation with respect to allegations that Flipkart had attracted overseas funding and a associated celebration, WS Retail, after which offered items to customers on its purchasing web site, which was prohibited beneath Indian legal guidelines.
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