Ease of Doing Business for MSMEs: Walmart and Flipkart on Wednesday announced a memorandum of understanding (MoU) with Tamil Nadu’s Department of Micro, Small and Medium Enterprises (MSME), to establish “long-term cooperation for providing capacity-building support to MSMEs” in the state. Walmart’s supplier development programme referred to as Walmart Vriddhi provides entrepreneurs and tiny corporations no cost-of-expense instruction and the chance to join on line, offline and export channels, and attain pan-India and worldwide marketplaces as component of the provide chains of Walmart, Flipkart, and other businesses. Walmart mentioned the programme also organises instruction seminars and workshops to additional allow the development and development of SMEs in the state.
“Tamil Nadu is home to one of the largest number of MSMEs in the country that are renowned all over the world for their product quality and craftsmanship. Our MSMEs are the backbone of our economy, and their growth is key to helping us achieve our vision of making Tamil Nadu a $1 trillion economy by 2030. We welcome the MoU with Walmart, Flipkart and Swasti, which shall further strengthen our MSME ecosystem,” mentioned M.K. Stalin, Honorable Chief Minister, Government of Tamil Nadu in a statement from Walmart.
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Launched in 2019, the Walmart Vriddhi programme has aimed at training 50,000 MSMEs across India for no expense with the abilities vital to succeed as suppliers to Walmart, Flipkart, and other worldwide marketplace platforms even as Walmart appears to triple its annual exports from India to $10 billion by 2027. Walmart mentioned “thousands of entrepreneurs” are currently working by way of the multi-level instruction programme, and as a outcome, several are currently promoting on the Flipkart marketplace.
“Flipkart has made significant supply chain and infrastructure investments in the state of Tamil Nadu. Furthering our commitment to the state, we have recently launched a dedicated grocery fulfillment centre in Coimbatore that shall generate significant employment opportunities for the youth of the state,” mentioned Jagjeet Harode, Senior Director & Head – Marketplace, Flipkart. Flipkart had earlier signed equivalent partnerships with governments and public departments of Uttar Pradesh, Assam, Maharashtra, Odisha, and more to allow regional MSMEs, artisans and weavers to sell on its marketplace.
Flipkart, on Tuesday, had announced its flagship annual sales occasion The Big Billion Days from October 7 to 12, 2021 to provide merchandise and things from more than 1 lakh kiranas and all round more than 3,75,000 sellers from across India. Moreover, lakhs of sellers, artisans, weavers, and handicraft makers from Flipkart Samarth will also launch merchandise, the corporation had mentioned.