Categories: Agreements

Flipkart tie-up with Karnataka Govt to promote Art & Craft

This photo taken on May 8, 2018 shows the logo of e-commerce company Flipkart at its headquarters in Bangalore. US retail behemoth Walmart is expected to announce May 9 that it is to buy a majority stake in India's largest e-commerce company Flipkart for around $15 billion. Walmart CEO Doug McMillon arrived in Bangalore, the Flipkart headquarters, to announce the deal which media reports said would see the American firm acquire around 70 percent of the Indian e-tailer. / AFP PHOTO / -

Flipkart has signed a Memorandum of Understanding (MoU) with the Department of Micro, Small & Medium Enterprises (MSME) and Mines of Government of Karnataka to promote the arts, crafts and handloom sector of Karnataka.

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About Memorandum of Understanding (MoU):

This MoU providing market access through a Flipkart e-commerce platform and to increase the local business of Karnataka.
This MoU will unite the Flipkart Samarth Programme with the brands based in Karnataka like Cauvery and Priyadarshini Handlooms, part of Karnataka Handlooms Development Corporations.
This will benefit the MSME through skills of branding, digital marketing and financial management and showcase the high-quality products which are made by local artisans. This will promote the local handlooms and handicrafts to the consumers across the nation.

What is Samarth Programme of Flipkart:

Flipkart’s Samarth works with Non-governmental organisations(NGOs) and government bodies to support a large number of entrepreneurs in the rural areas, enterprises led by women, differently-abled people, artisans and weavers with the issues related to the access of working capital, poor infrastructure and training. The programme supports more than 5lakh artisans, weavers, and MSME units across the nation.

Important takeaways for all competitive exams:

Flipkart Chief Executive Officer (CEO): Kalyan Krishnamurthy.
Chief Operating Officer (COO): Sriram Venkataraman.
Head Office: Bengaluru, Karnataka.
Karnataka chief Minister: B. S. Yediyurappa.
Governor of Karnataka: Vajubhai Rudabhai Vala.
Capital of Karnataka: Bengaluru.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.