Walmart Commits $10 Billion to Export Indian Goods Each Year by 2027

Bentonville/ New Delhi: The Walmart has proclaimed to increase threefold its exports of goods from India to $10 billion each year by 2027.

A crucial boost is expected to be provided to micro, small and medium-sized enterprises (MSMEs) in India throughout the Walmart’s new export commitment, beside the ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs. The expansion in sourcing will include helping develop hundreds of new suppliers in the following categories: food, pharmaceuticals, consumables, health & wellness, and general merchandise, along with apparel, homeware and other key Indian export categories.

Doug McMillon, President and Chief Executive Officer of Walmart Inc. stated that “As an international retailer that brings value to customers and communities worldwide, Walmart understands that local entrepreneurs and manufacturers are vital to the success of the global retail sector. And we see a potential for Indian suppliers to grow their businesses. By accelerating our annual India exports in the coming years, we are supporting the Make in India. It is also a way for Walmart to bring India-made goods to millions of customers all across the world.”

“We provide a platform that allows them to reach the pan-India market and refine their all-important branding, marketing, logistics and compliance capabilities for the global market, too,” said Kalyan Krishnamurthy, Chief Executive Officer of Flipkart Group, in a statement.

Walmart will strengthen the growth trend of the supply chain ecosystem in India, both by boosting existing exporters and by outreaching the businesses which are ready to export their goods, in order to accelerate its India exports.

Walmart has obtained goods from Indian sources for more than two decades, supporting local suppliers to upgrade their operations, meet international standards, develop new product lines and build new capabilities in packaging, marketing, supply chain management and more; this support has contributed to the global success of companies including Welspun, LT Foods and Aniket Metals and others.
The Chief Executive Officer, Welspun India, Dipali Goenka said in a statement that "Since we became a Walmart supplier in 1998, Welspun has grown to become the world’s largest home textiles manufacturer, exporting 94% of our output and employing 20,000 people, 25% of whom are women."
At the grassroots level, Walmart’s supplier development program Vriddhi, that has been launched a year ago, is providing export skills and knowledge to MSMEs, in order to prepare them to succeed as suppliers to Walmart, Flipkart and other companies both in domestic and international markets. The aim is to empower 50,000 MSMEs to Make in India for domestic and global supply chains over five years.
With annual exports worth approximately US$3 billion, India is already one of Walmart’s top sourcing markets. India-made apparel, homeware, jewellery, hardlines and other popular products currently reach customers in 14 markets, including the US, Canada, Mexico, Central America, and the United Kingdom, via Walmart’s Global Sourcing office in Bangalore, which opened in 2002.