Indian manufacturers and trading companies have gained a great opportunity to reach growing a market of more than 120 million US consumers per month, provided by the retail giant Walmart, as per its announcement today. It is really good news for the Indian sellers to take pleasure in.
Together with Flipkart and cross-border commerce company Payoneer, Walmart has forked a meticulous roadmap for local sellers with export targets, as a component of its endeavors to stretch sourcing from India to $10 billion annually within 5 years. Michelle Mi, who is the vice president of Walmart said, “This is the perfect time for Indian sellers to get started as exporters on Walmart Marketplace. By this time, It is one of the top online marketplaces in the United States, and we are investing hard to aid new sellers to bring good products and services to the platform.”
Walmart marketplace provides around 170 million trinkets to a constant basis of customers and is on the lookout for 40,000 new sellers this year to allow them on this platform. Walmart claims that it aims specific prospects for products that are being made in India in explored genres like bedding, furniture home decor, and more.
The Country Manager, Payoneer, Gaurav Shisodia said that they are blissful to assist top-grade sellers in India in our ecosystem to acquire direct admittance to the world’s largest omnichannel retailer. Walmart and Flipkart are offering training and assistance to micro, small and medium enterprises with export objectives through the Walmart Vriddhi supplier development program to the proletariat extent.