Over USD 40 Bn Goods Sourced From India Focus On Raising Compliance & Scaling Manufacturing: Walmart CEO

(MENAFN- KNN India) New Delhi, May 9 (KNN) US-based retail major Walmart Inc. has described India as one of the most dynamic markets for global commerce, with cumulative sourcing from the country exceeding USD 40 billion.

The company had earlier announced a target to source goods worth up to USD 10 billion annually from India by 2027.

"We have already sourced more than USD 40 billion in goods from India and are focused on strengthening entrepreneur and supplier capabilities, raising compliance and quality standards, and helping scale manufacturing so more Indian businesses are ready to export," Walmart President and CEO John Furner was quoted by PTI as saying.

"This work is expanding economic opportunity and connecting innovative businesses in India with customers around the world," Furner added.

Under its 'Vriddhi' initiative, Walmart has supported over 1.15 lakh entrepreneurs, primarily in the MSME sector, by helping them modernise operations, expand market access, and improve export readiness, according to a statement issued by Walmart India.

"With plans to support a total of 170,000 MSMEs by 2028, the program continues to strengthen the pipeline of MSMEs that have the ambition to export to new markets," the statement said, as cited by PTI.

Strengthening India's Role in Global Supply Chains

The company recently hosted its second Growth Summit in New Delhi, bringing together MSMEs, digital-first brands, and supply chain partners to explore domestic and international opportunities.

The summit builds on similar regional events held in Jaipur and Coimbatore in collaboration with the Directorate General of Foreign Trade (DGFT) and the Federation of Indian Export Organisations (FIEO) to strengthen outreach in key MSME clusters.

Evolving Retail Landscape

Furner noted that faster delivery is increasingly shaping global retail trends. In India, Flipkart is expanding its quick commerce capabilities by increasing its network and geographic reach, as it competes with established players in the segment.

Walmart maintained that its India strategy will continue to emphasise local partnerships, capacity building, and integration of Indian businesses into global supply chains.

(KNN Bureau)

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