Walmart's Billion-Dollar Commitment: Boosting Indian Sourcing and Global Expansion
Walmart plans to source USD 10 billion worth of products from India by 2027, aiming to enhance exports in sectors such as apparel and food. The company, which has been in India for over two decades, is working with Indian suppliers and empowering local businesses through its Vriddhi program.
- Country:
- India
US-based retail giant, Walmart, has reinforced its commitment to sourcing goods from India, targeting an ambitious USD 10 billion goal for its global operations by 2027, announced CEO Doug McMillon during his visit to India.
Walmart's initiative aims to bolster exports across various sectors including apparel, food, and toys. McMillon emphasized the steady growth of Walmart's sourcing activities and highlighted how its broader supplier engagement in India is setting a trend for innovative and inclusive supply chains worldwide.
On the same footing, the successful Walmart Vriddhi program continues to empower over 70,000 micro, small, and medium enterprises (MSMEs) by providing them market access and business skills, significantly contributing to India's economic evolution. The initiative's success has inspired similar initiatives in Mexico and the US to foster local supplier development.
(With inputs from agencies.)
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