Latest News | Over 32,000 MSMEs Complete Training Under Walmart Vriddhi Programme

New Delhi, Jun 27 (PTI) US retail major Walmart on Tuesday announced that more than 32,000 Indian MSMEs have completed training under the firm's Vriddhi Supplier Development Programme since its launch in December 2019.

Over 6,000 of these MSMEs (Micro, Small and Medium Enterprises) have been onboarded and are active on Flipkart's marketplace giving them much wider access and reach to a pan-India consumer base, Walmart stated on the occasion of MSME Day.

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The programme has enabled the MSMEs to expand their domestic capabilities to reach a pan-India consumer base, it said.

"With the country's GDP slated to approach USD 5 trillion by 2028, the Indian MSME sector is projected to be worth USD 1 trillion the same year, thereby becoming a key pillar of India's economic growth and playing a pertinent role in realising the vision of a self-reliant nation," Walmart stated.

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While the sector contributes about 33 per cent of India's total GDP today and accounts for about 120 million jobs across regions and industries, it simultaneously also consists of small-scale entrepreneurs like women, marginal entrepreneurs, traditional craftspeople, and local artisans who lack the skills of doing business in today's (digital) environment, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)