Flipkart, Walmart ink MoU with NSIC to speed up capacity creation for MSMEs

The three plan to support MSMEs in their quest to integrate with local and global retail supply chains

Homegrown e-commerce brand Flipkart and its parent, US retailer Walmart, have 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 partners also seek to support MSMEs in their quest to become part of local and global retail supply chains.

The MoU was signed at the Walmart Vriddhi Seller Summit in New Delhi, an event that marked the completion of training by 20,000 MSMEs under the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi).

“Walmart has been instrumental in enabling