August 2022
8:57 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Walmart, Flipkart sign MoU with UP Govt to train local MSMEs
New Delhi, Walmart and Flipkart will collaborate with the Export Promotion Bureau of the Government of Uttar Pradesh to create an ecosystem to aid capacity building for Medium, Small and Micro Enterprises in the state which will help MSMEs digitize their businesses and enable them to sell products across India through online retail. The Memorandum of Understanding (MoU) signed on Thursday will also allow MSMEs an opportunity to unlock their export potential and become part of Walmart’s global supply chain.

Expressing optimism over the MoU with Walmart Vriddhi and Flipkart, Minister of MSME, Investment and Export in UP Government Sidharth Nath Singh hoped the partnership would provide guidance and the support required to strengthen MSMEs to achieve greater success through the initiative. “MSMEs from UP are being recognized the world over, registering record exports this year. With schemes like Ubharte Sitaare and ODOP, the Government is at the forefront of developing a vibrant ecosystem for the MSME sector in the state which will help them boost exports and venture into new markets,” said Singh.

Launched in 2019, the Walmart Vriddhi Supplier Development Programme (Walmart Vriddhi), in collaboration with Swasti, provides a comprehensive learning platform that includes growth opportunities, free-of-cost training and in-depth expert support to entrepreneurs and small businesses. Swasti co-designs demonstrable and scalable solution models in partnership with communities on the ground and influences policies nationally and internationally. Walmart Vriddhi aims to train 50,000 Indian MSMEs with the business skills necessary to succeed as suppliers to Walmart, sellers on Flipkart, and other domestic and global marketplace platforms.

With a commitment to triple its exports from India to $10 billion annually by 2027, Walmart is looking at extending support to small businesses, enabling them to grow and prosper in India and globally, according to Nidhi Munjal, Vice President, International Partnership Services, Walmart. .
Flipkart is already working with the UP Government on the One District One Product scheme which, according to Jagjeet Harode, Senior Director and Head of Marketplace, Flipkart. “The successful partnership has registered 52% quarterly growth since January 2020, across various product categories,” said Harode, adding that programmes like Walmart Vriddhi and Flipkart Samarth are line with their committed to empower UP’s MSMEs, artisans and craftsmen and allow them to grow and benefit through pan-India access for e-commerce marketplace operations.

Visaka Industries Ltd announces Rs 120 cr Vnext Boards plant at West Bengal
Maruti Suzuki aims to produce 20 lakh units this fiscal: Chairman RC Bhargava
UCO Bank clocks over 21 pc growth in Q1 FY 2023
Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
RBI's financial inclusion index rises; showing growth across all segments
IDFC First Bank reports Rs 474 crore profit in Q1
Auto component industry to see 9-11% revenue from EV parts by 2027: Crisil
HOP’s high-speed electric bike ‘HOP OXO’ receives more than 5k bookings ahead of Commercial Launch
Sensex, Nifty nearly 1 pc on global recession fears
IT Cos' sombre profit story continues as Infosys misses profit estimates
Yes Bank reports 50pc jump in net profit in Q1
TCS is UK's no.1 software and IT services company once again
RINL-VSP inks MoU with STPI for promotion of Innovation and Startup activities
Fuel prices remain unchanged
IndiGo appoints M Damodaran as non-independent non-executive Director
Anil Agarwal elected as President of FTCCI
I-Tax Dept raids pharma group in Bengaluru, seizes Rs 1.20 Cr cash
Scidia hails Trivandrum and Kochi airports
RBI sets up international trade settlement mechanism in INR
Traders oppose inclusion of essential food grains under 5 pc GST
Take prompt action to prevent disasters during monsoons: Kerala HC to state govt
 Kochi, Aug 7 (PTI) The Kerala High Court has said the state government has to "take proper and promp  
India's 2nd monkeypox patient tested negative: Veena George
‘Flood tourism’ will not be permitted: Minister
Fifth case of monkeypox reported from Kerala
Biden signs bill bolstering US semiconductor industry
 Washington: US President Joe Biden on Tuesday signed legislation passed by Congress to strengthen do
5.9-magnitude quake jolts eastern Indonesia
US, Australia, Japan urge China to immediately cease military exercises
Israeli airstrike kills 2nd top Islamic Jihad commander
PM remembers heroes of quit India movement
 New Delhi: Prime Minister Narendra Modi on Tuesday remembered all those who took part in the Quit In
Govt ran away from Parliament: Congress
Next Vice President: EC issues certificate of election to Dhankhar
Active Covid cases in country increase to 1,34,933
Untitled Page
Rashtra Deepika LTD
Copyright @ 2021 , Rashtra Deepika Ltd.