Flipkart owner Walmart has announced that it is going to open 25 institutes by the name Walmart Vridhhi to train 50,000 MSME entrepreneurs in India over the next 5 years. The institute will be opened with the local knowledge of partner Swasti, an India-based nonprofit with deep expertise and a strong track record in community development.
The company says that over the next five years, MSMEs will receive in-person training and participants will be equipped for both online and offline growth, helping give them the tools to potentially become a part of the supply chains of Flipkart, Walmart India and Global Sourcing, or those of other domestic and international companies.
“The Vriddhi program will encourage Indian suppliers to make for online and offline customers around the world, including – but not limited to – the supply chains of Flipkart and Walmart. That openness makes us unique and can truly create opportunities for those who participate. Whether a supplier has ambitions domestically or around the globe, Walmart Vriddhi will give them the tools they need to succeed,” said Judith McKenna, president and chief executive officer, Walmart International.
The training program also aims at connecting the network of supplier development communities that Flipkart and Walmart already have today in India, expanding and accelerating existing programs in MSME training, certification and onboarding to empower MSMEs to grow and export to new markets, says a statement from the company.
“With a mission to empower communities, Swasti is proud to come together with Walmart to prepare 50,000 MSME entrepreneurs to unleash their potential and unlock business opportunities. We are excited to help give MSMEs the chance to participate in domestic and global supply chains that will contribute to their profitability and competitiveness and to India’s economic development as a whole,” said Shiv Kumar, founder and chief mentor, Swasti.
The training will also cover all aspects of business management, promoting customer-centric strategies and best practices in workforce management and environmental sustainability. It will emphasize empowering entrepreneurs, including women entrepreneurs, for lasting success.