December 15: Walmart recently announced tripling the exports of the goods from India in order to reach 10 billion dollars per year by the year 2027. This initiative expects to boost the micro, small and medium-sized enterprises in India. The announcement was made along with the company’s ongoing efforts that include the development programs of Flipkart Samarth and Walmart Vriddhi supplier.
Walmart has contributed to deliver Indian goods in almost 14 countries by working for more than 20 years. The company supports local suppliers and works to upgrade their operations and meet international standards.
Talking about the same, Doug McMillon, President & CEO at Walmart quoted, “As an international retailer that brings value to customers and communities worldwide, Walmart understands that local entrepreneurs and manufacturers are vital to the success of the global retail sector. We see huge potential for Indian suppliers to grow their businesses by leveraging the unique scale and global distribution opportunity Walmart provides.”
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Furthermore, McMollin said, “By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers while creating jobs and prosperity at home in India. It is also a way for Walmart to bring more high-quality, India-made goods to millions of customers all across the world.”