Walmart lays emphasis on partnership with Indian suppliers, SMEs to meet $10 bn export target by 2027

New Delhi, May 10 (KNN) To achieve Walmart’s export target of made in India goods worth USD 10 billion each year by 2027, Walmart Inc. President and CEO Doug McMillon said on Wednesday that their focus is on the Indian market to build an ecosystem of suppliers and partners, including small and medium enterprises (SMEs).

He was addressing Indian suppliers and partners across Walmart, Flipkart, PhonePe, Walmart Global Tech and Walmart Sourcing in India.

The retail giant had announced in 2020 that it will triple its exports of goods from India to USD 10 billion each year by 2027 amid the government’s vision to make the country a manufacturing hub.

The target was aimed at boosting MSME manufacturers alongside Walmart’s ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programmes in India. 

According to a company statement on Wednesday, McMillon along with Judith McKenna, President and CEO, Walmart International met suppliers, merchants, grantees, artisans and MSMEs across key India programs and initiatives of the company in India including Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.

“Walmart is committed to India and we are here for the long term. We are excited about the Indian suppliers and partners who make quality, affordable, and sustainable products for our customers and members around the world. We are proud that our business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination,” said McMillon. 

Walmart operates in wholesale cash-and-carry business, e-commerce, payments and financial services verticals in the country along with logistics and supply chain capabilities.  (KNN Bureau)