Walmart and Flipkart today announced the signing of a Memorandum of Understanding (MoU) with the National Small Industries Corporation (NSIC) to jointly accelerate capacity building for micro, small and medium enterprises (MSMEs) across India. The partnership is also aimed at supporting MSMEs in their journey towards becoming a part of retail supply chains, locally and globally.
The MoU was signed at the Walmart Vriddhi Seller Summit in New Delhi, an event marking the milestone of 20,000 MSMEs having completed their training under the Walmart Vriddhi Supplier Development Program(Walmart Vriddhi), of which, Swasti is aprogram partner. The event was attended by Shri Narayan Rane, Honorable Union Minister for Micro, Small and Medium Enterprises, Government of India,and Shri Gaurang Dixit, Chairman-Cum-Managing Director, National Small Industries Corporation (NSIC).
The partnership with NSIC will enable a greater number of small businesses and entrepreneurs across India to access the Vriddhi program, which offers a complete learning platform with training provided free of cost, along with access to expert assistance required to grow and expand their businesses. The Vriddhi program alsoincludes training, seminars and mentoring sessions conducted regularly for MSMEs. Shri Narayan Rane, the Honorable Minister of Micro, Small and Medium Enterprises of India, said, “We look forward to Walmart’s continued support to the growing MSME sector in the country.”