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Walmart will strengthen development of the supply chain ecosystem in India
Walmart Inc announced on Thursday, December 10, that it will triple its exports of goods from India to $10 billion each year by 2027. The move is aimed at expanding its global reach of goods from the nation. The expansion in sourcing will include helping develop as many as hundreds of new suppliers in categories such as pharmaceuticals, food, health & wellness, consumables, general merchandise, along with homeware, apparel, and other key Indian export categories.
According to an official statement from the firm, Walmart’s new export commitment is expected to provide a significant boost to micro-small- and medium-sized enterprises (MSMEs) in the country, alongside the ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs.
“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. And we see huge potential for Indian suppliers to grow their businesses by leveraging the unique scale and global distribution opportunity Walmart provides,” said Doug McMillon, president and chief executive officer of Walmart Inc.
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