Walmart has announced that applications for its first Growth Summit in India will be accepted starting on November 9. This event will provide a business pitching opportunity for export-ready suppliers, micro, small, and medium-sized enterprises (MSMEs), cross-border trade suppliers, and creative supply chain companies. Walmart Growth Summit: February 14–15, 2024, New Delhi; goal: accelerate progress towards Walmart’s aim to treble its exports of goods from India. The event is still accepting registrations through December 11, 2023.
Indian companies and several dozen Walmart buyers from the US will examine their export items over two days, with buyers providing real-time bargains and prospects. The event aims to partner with Make in India to increase exports of food, consumables, health and wellness, general merchandise, apparel, shoes, home textiles and toys, in line with Walmart’s commitment to source $10 billion of goods from India by 2027.
Andrea Albright, Executive Vice President, Sourcing, Walmart, said, “Walmart has long invested in India, and sees tremendous opportunity in continuing to expand exports with our existing suppliers while developing relationships with new ones. The Growth Summit will help us do just that. A purchase order from Walmart can have ripple effects in communities often enabling suppliers to create new jobs and expand local manufacturing. We’re excited to host this event and believe it will be the first of many.”
By bringing together the Walmart sourcing innovation team and India-based supply chain innovators, the event will strengthen Walmart’s efforts to help India’s desire to improve the nation’s supply chain to be a prominent participant in global markets.
A key supplier to Walmart globally, Anoop Bector, Managing Director, Mrs. Bector’s Food Specialities Ltd., said, “Walmart’s unwavering commitment to Indian suppliers has provided our company with resources and opportunities to showcase our products on a global scale. Walmart has been an invaluable partner in our story of global growth, through tailored training programs, expansive marketplaces. Mrs. Bector’s Food Specialties is one of India’s leading companies in the premium and mid-premium biscuits & bakery segment under the brand ‘Cremica & English Oven’.”
Amitesh Jha, Senior Vice President – Category and Marketplace, Flipkart Group, said, “We are happy to participate in this pioneering initiative of the Growth Summit, aimed at boosting exports from India and driving market access for MSMEs. The Flipkart Group is focused on helping MSMEs and small businesses leverage the power of e-commerce to accelerate their growth by providing access to new markets and customers, built on a strong technology backbone. The Growth Summit aims to give these businesses a view into the opportunities that exist internationally and provide further impetus for the growth and prosperity of the Indian MSME ecosystem.”
Walmart Inc. is an omnichannel retailer driven by technology and people that helps customers live better, save money, and shop anywhere, at any time, online, and on their mobile devices. Over 240 million consumers and members visit over 10,500 stores and many e-commerce platforms across 19 countries every week.