A Memorandum Of Understanding was signed between The National Small Industries Corporation Ltd. and Walmart Global Sourcing India Private Limited, to facilitate services to MSMEs in Walmart Vriddhi program.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
MSMEs, which are part of the NSIC ecosystem, will also be linked to the Vriddhi program in relevant clusters and get access to existing business training content, advisory support, tools and knowledge under the program – ‘free of cost’. The MoU will play a critical role in enabling MSME’s reach $2 trillion worth of exports by 2030.
“Walmart has been instrumental in enabling MSMEs with training and capacity building, especially during the pandemic period. The Indian MSME sector currently has 63 million enterprises that employ more than 110 million people. We look forward to Walmart’s continued support to the growing MSME sector in the country,” said Narayan Rane, Minister of Micro, Small and Medium Enterprises of India.
Gaurang Dixit, Chairman-Cum-Managing Director, at NSIC, said that through this partnership, MSMEs across India would be able get the support required to expand their businesses nationally and across the globe.
“NSIC is committed to the growth and development of a robust MSME sector in India. We look forward to working with Walmart Vriddhi to help MSMEs under the programme access our schemes and make Vriddhi’s learning resources available to MSMEs under NSIC,” he added.
“With our ongoing commitment to triple exports from India by 2027 to $10 billion annually, we look forward to supporting more small businesses in their efforts by providing potential access to online and offline markets in India and abroad,” said Jason Fremstad, Senior Vice President-Supplier Development, Walmart.
It is an ISO 9001:2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). It is working to promote and assist the development of micro, small and medium enterprises in the country.
It was established in 1955.
Headquarters – New Delhi
Find More News Related to Agreements
British actor, musician and activist Idris Elba has received the Knighthood which is one of…
Ajay Rajan has appointed as the new Managing Director and Chief Executive Officer (MD &…
On 3rd of June senior Congress leader the Chief Minister designate DK Shivakumar took oath…
The Ministry of External Affairs Spokesperson Randhir Jaiswal has announced that the Venezuela's Acting President…
According to the recent data released by S&P Global Market Intelligence multiple Indian banks ranks…
The Department of Higher Education under the Ministry of Education has launched the applications for…