Walmart Says It Will Triple Exports of Products Made in India

By Sheridan Fifer

By the year 2027, Walmart plans to be sourcing $10 billion worth of goods from India per year. Currently, Walmart sources about $3 billion worth of goods from India per year. While India is already one of Walmart's top sourcing markets for certain categories such as jewelry and homeware, the retailer wants to help develop new suppliers in India in categories such as food and apparel. 

“By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers, while creating jobs and prosperity at home in India,” Walmart’s chief executive officer Doug McMillon said in a statement.

Read the full story at Reuters.