Major retailers Walmart and Flipkart have signed a memorandum of understanding with the Telangana government to develop and aid local micro, small and medium enterprises (MSMEs) in the state.
As part of the agreement, Walmart will provide training and skills support to help SMEs better access supply chains and improve their business opportunities.
“Together with Swasti, the Walmart Vriddhi Supplier Development Program provides small businesses and entrepreneurs with a complete learning platform and free training, in-depth expert support, and customized tools and masteries needed to grow and scale their businesses,” the statement said.
More than 32,000 SMEs in the country have already completed the training.
“We started Walmart Vriddhi in 2019 with the goal of equipping 50,000 Indians with the skills needed to succeed in small and medium businesses. These capabilities allow them to make informed decisions, identify new trends and take advantage of opportunities for innovation and expansion, from streamlining supply chains to applying data insights, says Jason Fremstad, Walmart’s director of supplier development.
