Walmart, a major retailer, said on Wednesday that the special ecosystem of suppliers in India would enable the business reach its target of exporting items worth USD 10 billion from the nation each year by 2027.
Speaking to Indian suppliers and partners, Walmart Inc. President and CEO Doug McMillon underlined the strategy for developing disruptive and creative retail solutions from India to the rest of the globe, increasing possibilities for Indian enterprises, and deepening connections with Indian communities.
According to a release, Walmart's objective of exporting items from India worth USD 10 billion annually by 2027 would be supported by the country's distinctive ecosystem of suppliers.
“Walmart is devoted to India, and we plan to stay for the foreseeable future. We are thrilled about the Indian partners and suppliers that provide high-quality, reasonably-priced, and environmentally friendly goods for our consumers and members all around the globe.
In a statement, he added, “We are happy that our firm can promote India's prosperity by fostering communities, generating employment, and hastening India's advancement as a manufacturing hub.
Over the course of important India projects and initiatives, Walmart leadership, including McMillon and Judith McKenna, President and CEO of Walmart International, worked with a variety of suppliers, merchants, grantees, artisans, and MSMEs.
The Walmart Foundation, Walmart Marketplace, Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, and Walmart Global Tech in India are a few of them.
“Walmart has always prioritized the Indian market because we are passionate about the nation and its future. I am always amazed by the entrepreneurial energy that permeates the whole nation, and Walmart is delighted to contribute in any tiny way to the success of India, according to Judith McKenna.
The company said in December 2020 that it will increase its exports of products from India by three times to USD 10 billion annually by 2027, supporting India's continued emergence as a major manufacturing base.