Why Walmart plans to sell billions more in India-made goods ...Middle East

Economy by : (Quartz) -
Walmart is trying to prove its loyalty to India.The Bentonville-based retail major yesterday (Dec. 10) said it will triple its exports from India to $10 billion (Rs73,680 crore) a year by 2027. “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,” Doug McMillon, president and CEO of Walmart said in a press release.The announcement comes at a time when the Narendra Modi government has been encouraging local and multinational companies to “make in India for the world.” The government has so far committed ince

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