Walmart Targets $10 Billion in Annual India Sourcing by 2027

Walmart CEO Doug McMillon has reiterated the company’s commitment to increasing its annual sourcing from India to $10 billion by 2027. During his recent visit to New Delhi, his second in under 18 months, McMillon described India as a critical component of Walmart’s global supply chain and highlighted the company's collaboration with local suppliers to reach its ambitious goal. 

Since initiating procurement from India in 2002, Walmart has sourced goods worth over $30 billion, with future plans focusing on categories like apparel, toys, processed foods, and homeware.

Expanding Local Engagement and Supplier Development

Walmart continues to invest in India not only through sourcing but also by fostering the growth of local enterprises. Through its Vriddhi programme, launched in 2019, the company has supported over 70,000 micro, small and medium enterprises (MSMEs) and aims to reach 100,000 businesses in the coming 3 years. 

McMillon met with several local suppliers who have benefited from this initiative, underlining Walmart’s ongoing support for Indian entrepreneurship and manufacturing.

Diversification Amid Global Uncertainty

As global companies seek to mitigate risks from geopolitical tensions and supply chain disruptions, Walmart sees India as a strategic alternative to China, particularly in sectors such as textiles, consumer goods, and electronics. Beyond sourcing, Walmart’s investments in India include majority stakes in Flipkart and PhonePe. 

Both platforms have witnessed notable growth, with PhonePe also expanding into financial services. Public listings are expected for both companies, marking Walmart’s deepening footprint in the Indian market.

Read more: Walmart to Support 1 Lakh More Indian MSMEs in 3 Years Through Vriddhi Programme!

Conclusion 

Walmart’s renewed focus on India underscores the country’s growing importance as a global sourcing hub and a vital partner in its long-term growth strategy.

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