Walmart to source toys, shoes, bicycles from India under export expansion plans
1 year, 7 months ago

Walmart to source toys, shoes, bicycles from India under export expansion plans

Firstpost  

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to $10 billion annually by 2027. Confirming the development, a company spokesperson said: “Walmart’s growth in sourcing from India includes expanding working with existing suppliers and helping develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness along with apparel and home textiles. Earlier this month, Walmart Inc President and CEO Doug McMillon reaffirmed its commitment during his visit to India and said that India’s unique ecosystem of suppliers will help the company in achieving its goal of exporting goods worth USD 10 billion from the country annually by 2027. We are working toward exporting USD 10B per year from India by 2027 and are committed to strengthening logistics, skill development & supply chains to make India a global export leader in toys, seafood & other goods.” “The visit with Prime Minister @narendramodi reinforces the shared value we bring working alongside India.

Indian Company Export Walmart Usd Suppliers Mcmillon New Suppliers Toys India  plans  indian  toy  walmart  suppliers  goods  exports  bicycles  export  company  categories  shoes  expansion  toys  india  source

History of this topic

India's Toy Import Curbs Yield Success, Exports Stagnate
8 months ago

India's Toy Import Curbs Yield Success, Exports Stagnate

Deccan Chronicle  

Chennai: The government measures to curb the inflow of substandard products have successfully reduced toy imports. India's toy imports decreased drastically from $304.1 million in FY2019 to US$ 64.9 million in FY2024. Further, the share of imports from China dropped from 87 per cent of India's total toy imports in FY2019 to 64 per cent in FY2024. While the curbs …

The truth about India’s booming toy exports
11 months, 3 weeks ago

The truth about India’s booming toy exports

The Hindu  

India’s toy industry is minuscule. Between 2014-15 and 2022-23, toy exports increased by 239% and imports declined by 52%, turning India into a net exporter, as reported in a recent official press release. An unpublished case study by the Indian Institute of Management Lucknow, The table shows net exports of toys under HS code 9503 and total toys respectively. During …

Toy manufacturers’ shift from China is no child’s play as bottlenecks stay
11 months, 4 weeks ago

Toy manufacturers’ shift from China is no child’s play as bottlenecks stay

The Hindu  

Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. “They said if you can get into toy manufacturing, now we’re looking to shift millions of dollars worth of product from China to India,” Rohit Hegde, Aequs’ head of consumer verticals, told Reuters. As of the first …

240 new items to face compulsory quality control
1 year ago

240 new items to face compulsory quality control

Hindustan Times  

India has lined up at least 240 new items such as electric fans, freezers, water bottles, sanitary napkins, aluminium cans and plywood to be brought under compulsory quality control in 2024 to nudge Indian manufacturers for producing quality products for local consumers and also command premium in overseas markets, two officials said. HT Image Stringent quality control orders for domestic …

What is driving Walmart’s shift from China towards India for imports?
1 year, 1 month ago

What is driving Walmart’s shift from China towards India for imports?

Live Mint  

In a bid to shift its reliance from the Chinese supply chains, multinational retail corporation Walmart is shifting its focus towards India. The report highlights how the cost factors and growing geopolitical tensions are encouraging Walmart to shift its supply chains from China to India, Thailand, and Vietnam. I can't be reliant on any one supplier or geography for my …

Walmart cutting imports from China and shifting towards India: Report
1 year, 1 month ago

Walmart cutting imports from China and shifting towards India: Report

Op India  

The world’s largest retailer, Walmart, is increasingly turning towards India for imports while reducing its dependence on China. As per a Reuters report, the data from Import Yeti revealed that between January 2023 and August 2023, 25 per cent of US imports were from India. In May 2023, Walmart’s Chief Executive Officer Doug McMillon met India’s Prime Minister Narendra Modi …

Walmart mulling over to export toys, shoes, bicycles from India
1 year, 7 months ago

Walmart mulling over to export toys, shoes, bicycles from India

Live Mint  

In its bid to boost exports from India, Walmart will source toys, shoes, and bicycles from Indian suppliers. The senior company official added that the US-based retail giant is looking to expand its supplies from India and explore categories like food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles. "Walmart's growth in sourcing from India includes expanding working …

Data | India’s toy exports surge but still 200 times smaller than China’s
2 years ago

Data | India’s toy exports surge but still 200 times smaller than China’s

The Hindu  

Amid the COVID-19 pandemic in August 2020, Prime Minister Narendra Modi exhorted that India can become a global toy hub. In July 2022, he announced that India’s exports of toys surged from ₹300-400 crore to ₹2,600 crore, a boost that “no one could have imagined.” Beyond an increase in exports, Mr. Modi also said that imports of toys, which used …

India’s toy exports up at USD 326.63 million in FY22: Centre
2 years ago

India’s toy exports up at USD 326.63 million in FY22: Centre

Firstpost  

Union Minister Bhanu Pratap Singh Verma noted that the central government has taken several steps to restrict import of sub-standard and unsafe toys and to promote domestic toy industry New Delhi: India exported toys worth USD 326.63 million in financial year 2021-22, up from USD 96.17 million in 2014-15, while the import of toys to India has decreased from USD …

India will spend ₹3,500 crore on toys to outplay China
2 years, 1 month ago

India will spend ₹3,500 crore on toys to outplay China

Live Mint  

The Union government is planning a ₹3,500 crore production-linked incentive scheme for toys that comply with Bureau of Indian Standards norms, an official said. Following this, several steps were taken, including issuing a quality control order and imposing higher customs duty on toys to prevent unsafe toys from entering the country. A number of industries are seeking PLI schemes, but …

Toy Story: Manufacturers Say Halt on Chinese Products, Govt Push Made Industry Major Player
2 years, 6 months ago

Toy Story: Manufacturers Say Halt on Chinese Products, Govt Push Made Industry Major Player

News 18  

In a significant boost to local manufacturing in India, the imports of toys have declined by 70 per cent while exports have increased 61 per cent over the last three years, data shared by the commerce and industry ministry stated. PM’s push Prime Minister Narendra Modi has also given a boost to the toy manufacturing sector by highlighting the industry …

Walmart invites Indian sellers to join its marketplace to serve U.S customers
2 years, 11 months ago

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The Hindu  

Walmart has started inviting applications from select sellers in India to join Walmart Marketplace, a curated sellers community that serves over 120 million U.S. shoppers every month. Walmart was seeking new sellers from India as part of a global drive to attract international sellers and expand its marketplace’s product assortment, it said. Chosen Indian sellers would be able to take …

Walmart commits to export $10 billion India-made goods each year by 2027
4 years, 1 month ago

Walmart commits to export $10 billion India-made goods each year by 2027

India TV News  

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027. In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro, small and medium enterprises in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs. …

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