“With a mission to empower communities, Swasti is proud to come together with Walmart to prepare 50,000 MSME entrepreneurs to unleash their potential and unlock business opportunities through Walmart Vriddhi. We are excited to help give MSMEs the chance to participate in domestic and global supply chains that will contribute to their profitability and competitiveness and to India's economic development as a whole," said Shiv Kumar, Founder and Chief Mentor, Swasti.
Together, Walmart and Swasti will deliver high-quality education via university partners at 25 Walmart Vriddhi institutes across India, making training accessible locally in the communities where India’s MSME entrepeneurs live and work. The institutes will be opened over the next five years at pan-India locations convenient for MSMEs from a wide variety of industries and product categories.
Capacity development is a key pillar of Walmart Vriddhi. MSMEs with the desire and potential to grow will be able to access world-class training and consultation at their local Walmart Vriddhi institute. Business leaders from this group will then be offered tailored training and advisory support to help them further grow in ways that create the greatest opportunities for them.
Training will cover all aspects of business management, promoting customer-centric strategies and best practices in workforce management and environmental sustainability. It will emphasize empowering entrepreneurs, including women entrepreneurs, for lasting success.
About Walmart in India
Walmart is deeply committed to the India market, and holds multi-dimensional engagements to benefit important stakeholders across the country. Walmart offers Indian consumers a mix of modern shopping experiences and helps local sellers and suppliers, including kiranas, MSMEs, farmers, artisans and women-owned businesses, to modernize, prosper and create local jobs in the country. Walmart’s Best Price Modern Wholesale cash-and-carry business serves more than 1 million members, with more than 95% sourcing from within India. Walmart Labs has over 3,500 associates developing cutting-edge retail and e-commerce technology in India. Walmart’s Bangalore Global Sourcing hub supplies global markets with high-quality India-made goods. Online shopping pioneer Flipkart, in which Walmart invested in 2018, operates India’s leading e-commerce ecosystem, which includes the fashion sites Myntra and Jabong, PhonePe, a payments business and the eKart logistics network. For more information, visit http://www.wal-martindia.in/ and https://www.flipkart.com/.
Swasti, a part of the Catalyst Group, is headquartered in Bengaluru, India and active globally with a footprint in 30 countries, was founded in 2004. Swasti co-designs demonstrable and scalable solution models in partnership with communities on the ground and influences policies nationally and internationally. Over the past 15 years, Swasti has directly reached over 400,000 people through its initiatives, including more than 238,000 factory workers, the majority of whom are women.
For more information, visit http://www.swasti.org.