Walmart Inc launches supplier development programme in India

US-based retail major Walmart Inc on Monday launched a supplier development programme in India with the aim to train 50,000 small and medium entrepreneurs enabling them to scale up and become part of global supply chains.

The initiative called the Walmart Vriddhi Supplier Development Program, aims to train these 50,000 micro, small and medium-sized enterprises (MSME) by setting up 25 institutes strategically near manufacturing clusters across the country in the next five years, the company added. The first such institute is expected to open in March 2020.

India is already among the top five sourcing markets for the retail giant globally, and the new initiative is part of its long-term commitments to the country.