Walmart will export US$ 10 billion worth of Indian goods annually by 2027 with the aid of Indian partners and suppliers: CEO Mr. Doug McMillon
- IBEF
- May 11, 2023
The President and Chief Executive Officer (CEO) of Walmart Inc., Mr. Doug McMillon spoke to Indian suppliers and partners, emphasising the company's focus on the Indian market to create an ecosystem of suppliers and partners, including small and medium enterprises, to meet its goal of exporting made in India goods worth US$10 billion annually by 2027.
Alongside ongoing Walmart initiatives like the Flipkart Samarth and Walmart Vriddhi supplier development programmes in India, the objective was to support the Ministry of Small and Medium Enterprises (MSME) producers.
The company mentioned that it met with suppliers, merchants, grantees, artisans, and the Ministry of Small and Medium Enterprises (MSME) 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. It further stated that their business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination.
Along with having expertise in logistics and supply chain management, Walmart works in the wholesale cash-and-carry industry, e-commerce, payments, and financial services verticals in the nation. To help Indian manufacturers sell their goods in foreign markets like the US, Canada, Mexico, Central America, and the UK, the company established its global sourcing office in Bengaluru back in 2002.
President and Chief Executive Officer (CEO) Walmart International, stated that India has been a priority market for Walmart. They are excited to have an opportunity to serve as a partner in India’s economic development which is aligned with the country’s ambitions.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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