Business
Walmart to export $ 10 billion from India by 2027
Global retailer Walmart will increase its exports from the country by three times by the year 2027 to $ 10 billion per year.
New Delhi: Global retailer Walmart will increase its exports from the country by three times (guna) by the year 2027 to $ 10 billion per year. The company gave this information on Thursday. For this, the company will expand exports in the category of catering, medicine, consumer products, health products, apparel, home furnishing, etc. Promoting exports in these areas will create opportunities for new suppliers.
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The company said its new commitment is to “export goods worth 10 billion dollars made in India every year by 2027”. This commitment of the company will give a boost to micro, small and medium enterprises (MSME) in India. The company will continue to strive for this through the ‘Flipkart Samarth’ and ‘Walmart growth’ supplier development programs.
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Regarding Walmart Inc. President and CEO Doug McMillan said, “As an international retailing company that values value for customers and communities around the world, Walmart knows how important local entrepreneurs and manufacturers play in the success of the global retail sector.” . “