Ease of Doing Business for MSMEs: Walmart and Flipkart on Wednesday announced a Memorandum of Understanding (MoU) with the Directorate of Micro, Small and Medium Enterprises (MSME), Government of Haryana, to help MSMEs beneath Walmart’s supplier development programme referred to as Walmart Vriddhi. The programme will give state MSMEs absolutely free of price education and help apart from “opportunities to join online, offline and export channels and reach pan-India and global marketplaces as part of the supply chains of Walmart, Flipkart, and other leading companies,” the business stated in a statement.
The initially Walmart Vriddhi e-Institute was launched in Haryana in October to help MSMEs from the Panipat-Sonipat-Kundli area. Walmart stated thousands of entrepreneurs are now working by way of the multi-level education system, with some currently onboarded to Flipkart. “The partnership provides an opportunity for local businesses to become self-reliant and will boost their reach into national markets and facilitate their participation in global value chains,” stated Dushyant Chautala, Hon’ble Deputy Chief Minister, Government of Haryana.
With e-Institutes in Panipat and Agra, the absolutely free programme delivers to understand by way of on line modules with feedback and advisory sessions. Walmart stated the target is to empower 50,000 MSMEs by 2025 even as Walmart appears to triple its exports from India to $10 billion annually by 2027.
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“This (MoU) is a vital part of our commitment towards sourcing $10 billion annually by 2027 from India, so our consumers can access quality goods, no matter where in the world they are buying. India is a key market for us, and we are committed to helping support and grow communities wherever we operate,” stated Nidhi Munjal, Vice President, International Partnership Services, Walmart in the statement. Flipkart and Amazon reportedly had moved the Supreme Court of India last month to challenge the Karnataka High Court order that permitted the Competition Commission of India (CCI) to carry on with its antitrust probe against the two.