Invest In India : Walmart Sets Target, To Connect One Lakh More MSME’s In The Next Three Years

US-based retail giant Walmart will connect one lakh more MSMEs in the next three years to its supplier development programme in India, a company official said

The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets, helped by the combined strengths of Walmart’s global supply chain and Flipkart’s e-commerce capabilities.

“As we approach the next phase of the Walmart Vriddhi programme, we are very excited to announce today that going forward we have partnered with Ideas to Impact Foundation to empower an additional 100,000 MSMEs over the next three years,” Jason Fremstad, senior vice president of Supplier Development – Sourcing at Walmart International, said.

This will also help the Bentonville-headquartered retail company amplify its sourcing of goods from India for its global operations, for which it had earlier set a goal of exports worth $10 billion per year by 2027.

Through its initiative, Walmart is empowering the Indian MSMEs (Micro, Small, and Medium Enterprises) with critical business skills and market access, which has helped them to scale their business sustainably and contribute to India’s economic growth story.

“We are also deepening our support for MSMEs by expanding access to market linkages both nationally and internationally through the Flipkart and Walmart marketplaces,” Fremstad said.

Launched in 2019, Walmart Vriddhi has trained over 70,000 MSMEs so far by enabling access to digital commerce, personalised mentorship and strategic partnerships.