Global retailer Walmart on Thursday expanded its MSME-focused Vriddhi e-institute to Uttar Pradesh, beginning with Agra.
The platform will provide little corporations access to capabilities and competencies to develop in a post-pandemic atmosphere via on the web and offline channels such as Flipkart’s marketplace and Walmart’s international provide chain.
The platform aims to empower 50,000 MSMEs across the nation by supplying them with certain coaching to leverage modern day commerce.
Uttar Pradesh cabinet minister for MSME, investment & export Sidharth Nath Singh stated UP has about 90 lakh MSMEs, the highest in the nation. The platform aims to attain 50,000 MSMEs to join international and nearby provide chains more than the next 5 years, and I’m certain MSMEs from Uttar Pradesh itself will contribute considerably to this purpose.”
He stated that the programme will not only increase the make-in-India work, but will also provide additional impetus to UP’s flagship ODOP (One District One Product) programme.
“This is a great opportunity for Agra’s MSMEs to take advantage of this programme and expand their markets in India and abroad. Our idea is to make Walmart the forward linkage for our ODOP and other products. This will give our artisans a global marketing platform,” he stated, adding that the state government’s target is to attain a sale target of $1 billion in next 5 years via the platform.
Walmart stated Uttar Pradesh-based corporations can join the Vriddhi coaching programme to pursue possibilities to sell on Flipkart’s on the web customer marketplace and via the nationwide Flipkart wholesale ecosystem. “As Walmart triples its exports from India to $10 billion annually by 2027, businesses with export ambitions can learn how to qualify as a Walmart Global Sourcing supplier, taking “make-in-India” goods to the planet,” the statement stated.
“Walmart and Flipkart are helping artisans and entrepreneurs augment their Indian ingenuity with merchandising and logistics expertise and access to e-commerce customers across India and abroad. Growing MSME businesses creates employment opportunities in local communities and puts them at the heart of make-in-India and digital India programmes,” Leigh Hopkins, executive vice- president, International Strategy, Development and Asia Region, Walmart International, stated.
The very first Vriddhi e-Institute, opened in Haryana in October 2020 and serves MSMEs from the Panipat-Sonipat-Kundli area.