Walmart sets $10bn India-made export target

US retail giant Walmart on Thursday committed itself to triple goods exports from India to $10 billion annually by 2027.

The Bentonville-based firm said its new commitment to export “$10 billion of India-made goods each year by 2027” is expected to provide a significant boost to MSMEs in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programmes.

The expansion in sourcing will include developing new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness and general merchandise, along with apparel, homeware and other key Indian export categories, the company said in a statement.