Walmart hosted a Growth Summit in New Delhi on Feb 13, 2024. During the summit, the company announced that its supplier development program, ‘Walmart Vriddhi’, has achieved its goal of empowering more than 50,000 MSMEs over five years.
Launched in December 2019, the program provides free training, mentoring, and digital tools to help businesses grow, scale, and integrate into domestic supply chains. The program, together with Walmart’s program partner, Swasti, offers local suppliers the chance to access training and gain business advice while tapping into Flipkart’s platform expertise.
The digital training provided to MSMEs covers aspects of business management such as finance, marketing, workforce management, and environmental sustainability. This empowers entrepreneurs to establish their business models and contribute to employment opportunities in local communities.
Jason Fremstad, Senior Vice President, Supplier Development, at Walmart, said, “Empowering MSMEs is at the heart of Walmart’s commitment to fostering inclusive economic growth. I commend the 50,000+ Walmart Vriddhi graduates for their unwavering dedication to the initiative. We eagerly anticipate these businesses reinvesting in their communities, generating new jobs, stimulating local value chains and economies, and acting as catalysts in India’s burgeoning economy.”
The program reached this milestone well ahead of schedule showcasing the success of the program on the Indian landscape.
