US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027.
Earlier this month, Walmart Inc President and CEO Doug McMillon reaffirmed its commitment during his visit to India and said that India s unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth $10 billion from the country annually by 2027
Walmart, the renowned retail giant based in the United States, is actively exploring opportunities to procure toys, shoes, and bicycles from Indian suppliers. The company has set an ambitious goal of increasing its annual exports from India to reach USD 10 billion by 2027., Companies News, Times Now
The company informed toy makers about their requirements and expected quality standards as it is directly engaging with the domestic toy makers for sourcing.
The Prime Minister wrote on Twitter: “The meeting with Mr Doug McMillon, CEO of Walmart, was a fruitful one. We had insightful discussions on different subjects. Happy to see India emerge as an attractive destination for investment.”