Walmart to triple Indian exports to $10 billion by 2027

U.S Retail giant Walmart announced that it will triple its exports of goods from India to $10 billion each year by 2027.
This commitment is likely to boost micro, small and medium-sized enterprises (MSMEs) in India.
The expansion in sourcing would help in developing new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness and general merchandise along with apparel, homeware and other key Indian export categories.
The company will strengthen development of the supply chain ecosystem in India by boosting existing exporters and expanding the nation's pool of export-ready businesses.
India is one of Walmart's top sourcing markets. Walmart has sourced goods from India for more than 20 years. The company's annual exports from India is pegged at $3 billion. The US, Canada, Mexico, Central America, and the United Kingdom and other countries receive apparel, homeware, jewellery, hardlines and other popular products via Walmart's Global Sourcing office in Bangalore that opened in 2002.