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    Walmart plans to increase exports out of India three times to $10 billion by 2027

    Synopsis

    Walmart’s said on Thursday that its export commitment is expected to boost micro, small- and medium-sized enterprises (MSMEs) in India and the US giant plans to source from hundreds of suppliers in food, pharmaceuticals, consumables, health & wellness, general merchandise, apparel, homeware among other key export categories.

    AP
    The exports boosting initiatives would come in addition to Walmart’s existing vendor development programmes including Flipkart Samarth and Walmart Vriddhi.
    NEW DELHI: Walmart Inc. said it plans to increase its exports out of India three times to $10 billion by 2027, up from $3 billion at present.

    Walmart’s said on Thursday that its export commitment is expected to boost micro, small- and medium-sized enterprises (MSMEs) in India and the US giant plans to source from hundreds of suppliers in food, pharmaceuticals, consumables, health & wellness, general merchandise, apparel, homeware among other key export categories.

    The exports boosting initiatives would come in addition to Walmart’s existing vendor development programmes including Flipkart Samarth and Walmart Vriddhi.

    “We see huge potential for Indian suppliers to grow their businesses by leveraging the unique scale and global distribution opportunity Walmart provides,” Doug McMillon , Walmart’s chief executive officer 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.”

    Walmart said India is already one top sourcing markets for the Bentonville giant and it already exports worth about $3 billion for items including apparels, homeware and jewellery among various other products.
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    3 Comments on this Story

    Praveen83 days ago
    Good for MSMEs.
    Meghna Gupta83 days ago
    India requires more of such business strategies
    Vid 83 days ago
    Thanks
    The Economic Times