India’s unique ecosystem of suppliers will help power Walmart’s goal of exporting goods worth $10 billion from India annually by 2027: Walmart CEO Doug McMillon
Bengaluru : Addressing Indian suppliers and partners across Walmart, Flipkart, PhonePe, Walmart Global Tech and Walmart Sourcing in India, Walmart Inc. President and CEO Doug McMillon reinforced Walmart’s continued commitment to India and to building an ecosystem of suppliers and partners, including small and medium enterprises, to meet the company’s goal of sourcing $10 billion of India-made goods each year by 2027. He reaffirmed Walmart’s roadmap of strengthening partnerships with Indian communities, expanding opportunities for Indian businesses and fostering transformative and innovative solutions for retail from India to the world.
Walmart leadership including Doug McMillon, President and CEO, Walmart Inc., and Judith McKenna, President and CEO, Walmart International, met a cross-section of suppliers, merchants, grantees, artisans and MSMEs across key India programs and initiatives. These included Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.
Speaking about India’s potential as the fastest growing economy in the world, Doug McMillon, President and CEO, Walmart Inc., said: “Walmart is committed to India and we are here for the long term. We are excited about the Indian suppliers and partners who make quality, affordable, and sustainable products for our customers and members around the world. We are proud that our business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination.”
Judith McKenna¸ President and CEO, Walmart International, said, “India has long been a priority market for Walmart, and we care deeply about the country and its future. I am continually impressed by the entrepreneurial spirit across the country, and that spirit is one of the reasons Walmart is proud to play a small part in India’s growth story. As a nation that’s set to be one of the world’s largest economies by 2030, we’re excited to have the opportunity to serve as partners in India’s economic development, aligned with the country’s ambitions. We remain committed to creating opportunity, strengthening local communities, and empowering customers, sellers, suppliers and farmers.”
Walmart is committed to a future where retail in India is a mix of shopping experiences that best serve Indian consumers, suppliers, producers, and retailers. With a long history in India, we continue to build a holistic ecosystem that includes a wholesale cash-and-carry business, eCommerce platforms, payments and financial services platforms, as well as logistics and supply chain capabilities. Walmart invests in programs and initiatives that help local sellers and suppliers, including kiranas, micro-small- and medium-sized enterprises, farmers, artisans, and women-owned businesses to modernize, prosper and create local jobs in the country. As a socially responsible organization that is committed to creating economic opportunity, enhancing long-term environmental sustainability, and strengthening local communities, Walmart is determined to help drive India’s growth story and create shared value.