Walmart Inc. President and CEO Doug McMillon said that it’s going to be remarkable to watch what happens in India the next 20 years.
“I think this country has a very bright future. There's going to be a lot of growth here and I think it's going to be inclusive growth,” Doug said while addressing Indian suppliers and partners across Walmart, Flipkart, PhonePe, Walmart Global Tech and Walmart Sourcing in India.
About 20 years ago Doug’s responsibility was in merchandising and at that time India was considered to be a great opportunity from a sourcing point of view for Walmart’s other markets, within a very narrow set of categories.
“To be here today and to understand that India has these opportunities across so many categories is really exciting to me. I think there's a very bright future here,” Doug said.
The executive said that Walmart is building an ecosystem of suppliers and partners, including small and medium enterprises, to meet the company’s goal of sourcing $10 billion of India-made goods each year by 2027.
“Walmart is committed to India and we are here for the long term. We are excited about the Indian suppliers and partners who make quality, affordable, and sustainable products for our customers and members around the world. We are proud that our business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination,” Doug said.
Walmart leadership met a cross-section of suppliers, merchants, grantees, artisans and MSMEs across key India programs and initiatives. These included Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.
“We are hoping to be a part of this economy for decades and decades, “ Doug said.
Judith McKenna¸ President and CEO, Walmart International said that entrepreneurial and innovative spirit in India is more exciting than anywhere else around the world.
“This is a country that is forecasted to be the world's third largest economy by 2030, which is extraordinary. But what we see is much more than that,” Judith said.
The entrepreneurial and innovative spirit is all about opportunity.
“The opportunity not only for all of those stakeholders that we can help serve including our customers but also communities and the opportunity to create real jobs and create real future growth for individuals as well as companies,” said Judith.
India has long been a priority market for Walmart as they first starting sourcing from here for about 25 years ago.
Walmart invests in programs and initiatives that help local sellers and suppliers, including kiranas, micro-small- and medium-sized enterprises, farmers, artisans, and women-owned businesses to modernize, prosper and create local jobs in the country.
“We are committed to India, we see a growth story but we see far more than that as well,” Judith said.
“I think this country has a very bright future. There's going to be a lot of growth here and I think it's going to be inclusive growth,” Doug said while addressing Indian suppliers and partners across Walmart, Flipkart, PhonePe, Walmart Global Tech and Walmart Sourcing in India.
About 20 years ago Doug’s responsibility was in merchandising and at that time India was considered to be a great opportunity from a sourcing point of view for Walmart’s other markets, within a very narrow set of categories.
“To be here today and to understand that India has these opportunities across so many categories is really exciting to me. I think there's a very bright future here,” Doug said.
The executive said that Walmart is building an ecosystem of suppliers and partners, including small and medium enterprises, to meet the company’s goal of sourcing $10 billion of India-made goods each year by 2027.
“Walmart is committed to India and we are here for the long term. We are excited about the Indian suppliers and partners who make quality, affordable, and sustainable products for our customers and members around the world. We are proud that our business can support India’s growth by creating jobs, strengthening communities, and accelerating India’s progress as a manufacturing destination,” Doug said.
Walmart leadership met a cross-section of suppliers, merchants, grantees, artisans and MSMEs across key India programs and initiatives. These included Walmart Sourcing, Walmart Vriddhi, Flipkart and Flipkart Samarth, PhonePe, Walmart Marketplace, Walmart Global Tech in India, and the Walmart Foundation.
“We are hoping to be a part of this economy for decades and decades, “ Doug said.
Judith McKenna¸ President and CEO, Walmart International said that entrepreneurial and innovative spirit in India is more exciting than anywhere else around the world.
“This is a country that is forecasted to be the world's third largest economy by 2030, which is extraordinary. But what we see is much more than that,” Judith said.
The entrepreneurial and innovative spirit is all about opportunity.
“The opportunity not only for all of those stakeholders that we can help serve including our customers but also communities and the opportunity to create real jobs and create real future growth for individuals as well as companies,” said Judith.
India has long been a priority market for Walmart as they first starting sourcing from here for about 25 years ago.
Walmart invests in programs and initiatives that help local sellers and suppliers, including kiranas, micro-small- and medium-sized enterprises, farmers, artisans, and women-owned businesses to modernize, prosper and create local jobs in the country.
“We are committed to India, we see a growth story but we see far more than that as well,” Judith said.
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