Walmart empowers Indian MSMEs to access new markets

10 Dec '19

2 min read

Pic: Swasti

Walmart recently announced the Walmart Vriddhi Supplier Development Programme to train and prepare 50,000 Indian small businesses to ‘Make in India’ for global supply chains. The programme will actively work with micro, small and medium enterprises (MSMEs) over the next five years to expand domestic capabilities and participate in the global economy.

MSMEs will receive in-person training, a feature unique to this programme, as well as expert advice, access to the company’s deep global experience and a network of peers and mentors in their local communities, according to a Walmart press release.

Participants will be equipped for both online and offline growth, helping give them the tools to potentially become a part of the supply chains of Flipkart, Walmart Global Sourcing and Walmart India, or those of other domestic and international companies.

Walmart Vriddhi leverages the Walmart international ecosystem and the local knowledge of partner Swasti, an India-based nonprofit with deep expertise and a strong track record in community development.

The programme will connect the network of supplier development communities that Flipkart and Walmart already have today in India, expanding and accelerating existing programmes in MSME training, certification and onboarding to empower MSMEs to grow and export to new markets.

Fibre2Fashion News Desk (DS)

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