Walmart, a retail conglomerate, is reportedly offering the trading companies and manufacturers in India a platform to reach an expanding market of more than 120 million United States customers every month.
As per sources, in order to increase sourcing from India to USD10 billion a year by 2027, Walmart along with Payoneer, a cross-border commerce firm, and Flipkart has formed a detailed roadmap for regional sellers with export motives.
The announcement comes as the ideal opportunity for the Indian sellers to start as exporters on the Walmart Marketplace.
Michelle Mi, Vice President, Business Development-International Sourcing, Emerging Markets, Walmart stated that the company is one of the top online marketplaces in the United States and the team is heftily investing to assist new sellers bring outstanding services and products to the platform.
The news was addressed at the Walmart Global Summit held in New Delhi and was attended by 650 sellers across the country.
As per credible reports, Walmart Marketplace provides almost 170 million unique products to a loyal customer base and is aiming to bring on board almost 40,000 new sellers this year.
The retail firm stated that it sees immense caliber for Indian manufactured products in highly searched categories such as bedding, furniture, home décor, and others.
Rajneesh Kumar, Chief Corporate Affairs Officer at Flipkart Group mentioned that during the past years, Flipkart has committed to developing a strong supply chain ecosystem in India by allowing thousands of regional businesses to start online sales as part of India’s digital retail revolution.
On the basic level, Flipkart and Walmart are offering support and training to MSMEs (micro, small and medium enterprises) with an aim to export through the Walmart Vriddhi supplier development programme.
Gaurav Shisodia, Country Manager at Payoneer commented that the team is happy to help top-quality Indian sellers in their ecosystem to get direct access to the world’s biggest omni-channel retailer.