Walmart Vriddhi includes local, in-person training and access to a community of entrepreneurial peers and mentors for 50,000 MSMEs across India
NEW DELHI: Walmart Inc. (NYSE:WMT) today announced the creation of the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi) to train and prepare 50,000 Indian small businesses to “Make in India” for global supply chains. Walmart Vriddhi will actively work with India’s micro-, small- and medium-size enterprises (MSMEs) to expand domestic capabilities and participate in the global economy.
Suppliers who have the desire and potential to
grow will get the tools they need through Walmart Vriddhi. Over the next five
years, MSMEs will receive in-person training, a feature unique to this program,
as well as expert advice, access to Walmart’s deep global experience and a
network of peers and mentors in their local communities.
Participants will be equipped for
both online and offline growth, helping give them the tools to potentially
become a part
of the supply chains of Flipkart, Walmart Global Sourcing and Walmart India, or
those of other domestic and international companies.
Walmart Vriddhi in New Delhi today, Judith McKenna, President and Chief
Executive Officer of Walmart International, said, “The Vriddhi program will encourage
Indian suppliers to make for online and offline customers around the world,
including – but not limited to – the supply chains of Flipkart and Walmart. That
openness makes us unique and can truly create opportunities for those who
participate. Whether a supplier has ambitions domestically or around the globe,
Walmart Vriddhi will give them the tools they need to succeed.”
Vriddhi leverages the Walmart international ecosystem and the local knowledge
of partner Swasti, an India-based nonprofit with deep expertise and a
strong track record in community development. The new program will connect the network of supplier
development communities that Flipkart and Walmart already have today in India, expanding
and accelerating existing programs in MSME training, certification and onboarding
to empower MSMEs to grow and export to new markets.
believes that helping local suppliers develop to become part of the wider supply
chain in India and globally will help create domestic jobs and sustained growth
for the India MSME sector. Consumers will be able to access quality goods from
India, no matter where in the world they are buying.
“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.
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 entrepreneurs 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.
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.
Walmart Vriddhi Supplier Development Program supports local micro-, small- and
medium-size enterprises (MSMEs) and continues Walmart’s efforts to strengthen
its supplier ecosystem across all its businesses in India.
Indian entities, including Flipkart, Best Price Modern Wholesale and Walmart
Global Souring, all contribute to the MSME community. Walmart Vriddhi connects
these existing efforts to provide a greater impact for the MSME community in
Walmart India: Best Price Modern Wholesale
Walmart India: Global Sourcing
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