Walmart sources 95 percent of the goods sold in its Best Price Cash & Carry stores in India from local companies and offers access to technical assistance and training programs to improve farming efficiency. The Walmart Foundation broadens this effort to address more systemic barriers that prevent farmers from increasing their productivity and market access.
In 2017, the Walmart Foundation invested US$2 million in Tanager to implement the Farmer Market Readiness Project in India’s Andhra Pradesh State, providing farmers with the knowledge, resources and services to enhance their market-readiness and expand their reach.
The US$25 million commitment announced today includes a recently announced grant of close to US$2 million to support International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) to help smallholders generate more income.
Further reinforcing Walmart’s commitment to India, in August the company completed its investment in Flipkart group. This supports the growth of India’s economy as the company creates new jobs and business opportunities through strengthened supply chains, local seller development and access to global markets.
About Philanthropy at Walmart
By using our strengths to help others, Walmart and the Walmart Foundation create opportunities for people to live better every day. Walmart has stores in 28 countries, employing more than 2.2 million associates and doing business with thousands of suppliers who, in turn, employ millions of people. Our philanthropy helps people live better by supporting upward job mobility and economic development for the retail workforce; addressing hunger and making healthier, more sustainably-grown food a reality; and building strong communities where Walmart operates and inspiring our associates to give back. To learn more about Walmart’s giving, visit http://giving.walmart.com/foundation.
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, nearly 265 million customers and members visit our more than 11,200 stores under 55 banners in 27 countries and eCommerce websites. With fiscal year 2018 revenue of $500.3 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.