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Walmart to triple export of India-made goods
Walmart CEO met PM Narendra Modi to inform him of the company's commitment to source $10 billion worth of India-made goods annually by 2027
Walmart CEO Doug McMillon and Walmart International CEO Judith McKenna visited Bangalore, India on May 11, 2023, to reinforce Walmart's commitment to building an ecosystem of suppliers and partners in India.
The goal is to source US$10 billion worth of India-made goods each year by 2027. The event brought together all of Walmart's group entities under one roof, including Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.
McMillon expressed excitement in the meeting with the diverse Indian ecosystem of suppliers, small and medium enterprises, merchants, and partners who are innovating and driving growth and opportunities. “We look forward to continuing to work together with our partners to make quality, affordable, sustainable products for our customers and members, help businesses grow, create jobs, strengthen resilient communities, and accelerate India’s progress as a manufacturing destination. This ties into our goal to expand our exports of ‘Made in India’ products from India to US$10 billion each year by 2027”, he said.
During the event, McMillon and McKenna toured the stalls of suppliers present across the group, including Bector's Food Specialty Ltd., Vrinda Khurana of Chandan Textiles, Glide Route Ventures LLP, and The Trident Group. “We are committed to India and are here for the long term. I was excited to meet with the diverse Indian ecosystem of suppliers, small and medium enterprises, merchants and partners who are innovating and driving growth and opportunities,” McMillion added.
He also met Prime Minister Narendra Modi in Delhi and briefed him of the company’s plans . “The visit with Prime Minister reinforces the shared value we bring working alongside India. Together, we’ll continue to support the country’s manufacturing growth and create opportunity,” McMillion said on Twitter after the meeting.
The company is also helping improve farmer livelihoods through the Walmart Foundation, aiming to reach 1 million smallholder farmers by 2028, with at least half being women.
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