Global retailer Walmart plans to increase its exports from the country threefold to $ 10 billion per year by 2027. The company gave this information on Thursday. For this, the company said in a statement that it will expand exports in the category of catering, medicine, consumer products, health products, apparel, home furnishing, etc. Promoting exports in these areas will create opportunities for new suppliers.
The company said its new commitment is to “export $ 10 billion worth of goods made in India every year by 2027.” The company’s commitment will encourage micro, small and medium enterprises (MSMEs) in India. The company will continue to strive for this through the ‘Flipkart Samarth’ and ‘Walmart growth’ supplier development programs.
About this, Doug McMillan, president and CEO of Walmart Inc., said, “As an international retailing company that values value for customers and communities around the world, Walmart knows how important local entrepreneurs and manufacturers play in the success of the global retail sector.” is.”
He said, “We are sure that Indian suppliers can expand their business due to the opportunities provided by Walmart globally.” McMillan said, “By accelerating our annual Indian exports in the coming years , We will also open the way to create new jobs and bring prosperity in India by supporting manufacturing initiatives in India and providing more and more local businesses the opportunity to reach international customers. Walmart provides high quality products manufactured in India to millions of customers in the same manner worldwide. “Walmart has been exporting local products from India for more than 20 years.
(This news has not been edited by the NDTV team. It is published directly from the Syndicate feed.)