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Walmart and Flipkart announce MoU with Uttar Pradesh government to train and support local MSMEs

News Desk, News Nation 360 : Walmart and Flipkart today announced the signing of a Memorandum of Understanding (MoU) with the Export Promotion Bureau, Government of Uttar Pradesh, to create an ecosystem aiding capacity building for MSMEs in the state. Under the partnership, Walmart and Flipkart will help MSMEs digitize their businesses and enable them to sell products across India through online retail. They will also have an opportunity to unlock their export potential and become part of Walmart’s global supply chain. In collaboration with Swasti, the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi) provides a comprehensive learning platform that includes growth opportunities, free-of-cost training and in-depth expert support to entrepreneurs and small businesses. It also organizes training seminars and mentorship workshops to further enable the growth and development of small and medium businesses. The program pivoted to a digital format in 2020 and Vriddhi e-institutes have since been launched in Panipat, Haryana and Agra, Uttar Pradesh, and with plans to open many more. Sidharth Nath Singh, Minister of MSME, Investment and Export, Textile, Khadi & Gram Udyog, Government of Uttar Pradesh, stated that MSMEs from Uttar Pradesh is being recognized the world over, registering record exports this year. With schemes like Ubharte Sitaare and ODOP, the Government of Uttar Pradesh is at the forefront of developing a vibrant ecosystem for the MSME sector in the state, helping them boost exports and venture into new markets. They are happy to collaborate with Walmart Vriddhi and Flipkart and shall provide the guidance and support required to strengthen MSMEs to achieve greater success through the program. Nidhi Munjal, Vice President, International Partnership Services, Walmart, expressed that they look forward to expanding their ongoing partnership with the Government of Uttar Pradesh and supporting their efforts to build a robust MSME ecosystem, by providing opportunities to access online and offline markets in India and globally through local training and support. They are committed to tripling their exports from India to $10 billion annually by 2027 and will keep extending their support to small businesses, enabling them to grow and prosper in India and globally. According to Jagjeet Harode, Senior Director & Head – Marketplace, Flipkart, Flipkart’s partnership with the Government of Uttar Pradesh on the ODOP scheme has been a huge success, registering 52% quarterly growth since January 2020, across various product categories. Through programs like Walmart Vriddhi and Flipkart Samarth, they are committed to empowering Uttar Pradesh’s MSMEs, artisans and craftsmen and will continue providing them with the ecosystem support they require to grow and benefit through pan-India access for e-commerce marketplace operations. N Raghunathan, Cofounder and Mentor, Swasti, stated that this partnership with the Government of Uttar Pradesh will greatly enhance the growth and development of MSMEs in the state. Through the Vriddhi program, they are committed to helping local businesses build resilience for the future and facilitating their participation in national and global supply chains. 

Report : Anustup Kundu