Retail giants Walmart and Flipkart signed a Memorandum of Understanding (MoU) with The Industries & Commerce Department, Government of Telangana, in the presence of Jayesh Ranjan, Principal Secretary of the Department, and Joseph Julian KG, Program Director, Swasti.
The aim of this MoU is to provide the necessary help to the budding Micro, Small, and Medium Enterprises (MSMEs) in the state.
Under this Walmart Vriddhi Supplier Development Programme (Walmart Vriddhi), Walmart will offer its support to MSMEs aiding in the digitisation of the business and help with capacity building, enabling MSMEs to operate through offline and online domestic supply chains.
Jason Fremstad, Senior Vice President, Supplier Development, Walmart, commented, “Through Vriddhi, we are committed to empowering MSMEs with comprehensive learning opportunities to level the playing field, and help ensure that MSMEs can not only survive, but also thrive.”
Joseph Julian, Program Director, Swasti, said, “Through the Vriddhi initiative, we are dedicated to helping MSMEs become more resilient for the future and supporting their participation in local and national supply chains.”
Jayesh Ranjan, Principal Secretary, Industries & Commerce Department, Government of Telangana, said, “MSMEs form a strong backbone to the country’s economy and it’s crucial that we help them scale up and equip them with digital tools and technology to promote their business growth.” He further expressed his excitement to provide the required support and enable growth.
