Walmart announced that 32,000+MSMEs have completed training under the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi) since the program launch in December 2019.Over 6,000of these MSME have been onboarded and are active onFlipkart’s marketplace giving thema much wider accessandreach to a pan-India consumer base.
Walmart aims to train 50,000 MSMEs across India by 2024 through its Vriddhi program, aiming to expand local entrepreneurs and suppliers, create domestic jobs, and support the Indian MSME sector’s growth. The Indian MSME sector is expected to reach $1 trillion by 2028, contributing 33% of India’s GDP and creating 120 million jobs. It includes small-scale entrepreneurs like women, marginal entrepreneurs, traditional craftspeople, and local artisans who lack business skills in today’s digital environment.
Walmart has provided on-demand learning modules to MSMEs since 2019, covering marketing, finance, supply chain management, data-driven insights, and emerging trends. These modules enable growth and scaling of businesses online and offline. Walmart also offers access to a community of entrepreneurial peers and personalized mentoring sessions. Jason Fremstad, Senior Vice President, Supplier Development, Walmart, said, “Witnessing over 30,000 MSMEs to date embrace the digital route is a testament to the significance of equipping them with future-ready skills.”
