BENTONVILLE, Ark., and BANGALORE, India, May 11, 2023 — This week, Walmart Inc. CEO Doug McMillon reinforced Walmart’s continued commitment to building an ecosystem of suppliers and partners in India, including micro-, small- and medium-sized enterprises (MSMEs), to meet the company’s goal of sourcing $10 billion of India-made goods each year by 2027.
McMillon was joined by Walmart International CEO Judith McKenna, as well as other members of the Walmart leadership team, in Bangalore, India, to meet with suppliers, merchants, grantees, artisans and MSMEs across key Indian programs and initiatives – including Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India and the Walmart Foundation. It was a first-of-a-kind gathering of all the group entities under one roof.
“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,” said McMillion.
McMillon continued, “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 $10 billion each year by 2027.”
With a long history in India, the company continues to build out a holistic ecosystem that includes a wholesale cash-and-carry business, eCommerce platforms, a payments and financial services platform, as well as logistics and supply chain capabilities.
McMillon and McKenna toured the stalls of suppliers present across the group from Walmart Sourcing, Walmart Vriddhi, Walmart Marketplace, Flipkart and Flipkart Samarth. There was one overarching theme across the suppliers: opportunity.