The initial phase of training of MSMEs under the supplier development programme of Vriddhi is completed. About 2,500 MSMEs have participated and graduated.
“Walmart has an ongoing commitment of tripling exports from India by 2027 to 10 billion dollars annually, and we look forward to supporting more small business in their efforts by providing potential access to online and offline markets in India and globally.”, said Leigh Hopkins, Executive Vice President, Walmart International in a statement.
Now, the company is expecting more and more candidates to join the programme.
In 2019, Walmart Vriddhi got off its journey. During the next five years, it aims to back about 50,000 MSMEs across India.
Walmart Vriddhi is an unfolding and expanding learning platform. Its sole purpose is to train and assist MSMEs. Its training process includes different phases.
One phase is to make the trainees accessible to various progressive business tools. The next phase is to expose them to expert consultation. They will get one-to-one consultation.
They can unfold their entrepreneurial efficiency and adopt new strategies. Thus helping them to develop in online and offline markets worldwide.
The entrepreneurs who are passing out are enabled with contemporary business management armatures. They also get opportunities to expand their peer networks.
India is under a digital revolution and the business sector has begun to see its effect. These training programs will help the MSMEs to enfold digitalization and meet their thriving purposes.
Before, Walmart and Flipkart declared a Memorandum of Understanding (MoU) with Tamil Nadu’s MSME’s department. The firm has also introduced Vriddhi e-Institutes in Panipat and Agra.
Among the 3.75 lakh Indian dealers in Flipkart, almost everyone is MSMEs. Now Flipkart is helping craftsmen, weavers, bakers, and other small entrepreneurs to enter the digital market through the Flipkart Samarth program.
Lately, Flipkart has rescheduled the Big Billion Days event to October 3 to 10. Earlier the dates for the event were October 7 to 17. This move was on account of the Amazon Great Indian Sale set off from October 4 onwards.
Walmart’s vision to train potential MSMEs in India and imprint their signature in the online marketplace seems to be successful.
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