Walmart is planning to increase its exports from India to $10 billion by 2027 and is looking to source toys, shoes and bicycles from Indian suppliers.
The company is also considering developing new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles.
Walmart had, in 2020, said that it will triple its exports of goods from India to $10 billion each year by 2027. The same year, Walmart’s annual exports from India were worth $3 billion.
“By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers, while creating jobs and prosperity at home in India. It is also a way for Walmart to bring more high-quality, India-made goods to millions of customers all across the world,” Doug McMillon, President and Chief Executive Officer of Walmart Inc., had said.
