Walmart Inc plans to increase its exports from India by almost three times to $10 billion by 2027. The retailer currently exports $3 billion worth apparels and textiles form India. The rise in exports will boost India’s micro, small- and medium-sized enterprises as the US giant will source from hundreds of suppliers in food, pharmaceuticals, consumables, health & wellness, general merchandise, apparel, homeware among other key export categories. It has already launched vendor development programs such as Flipkart Samarth and Walmart Vriddhi in India.
By accelerating India exports, Walmart also aims to support the government’s Make in India initiative and help more local businesses reach international customers, while creating jobs and prosperity at home in India. The move will also help Walmart bring more high-quality, India-made goods to millions of customers all across the world.
India is already a top sourcing market for Walmart and it already exports items worth about $3 billion including apparels, homeware and jewelry among various other products.
