Walmart Expanding Supplies of Toys, Shoes, and Bicycles

Walmart to source toys, shoes, and bicycles from Indian suppliers for export purposes.

Image Credit by Google

Expansion plans include exploring opportunities in various categories like food, pharmaceuticals, consumables, health and wellness, apparel, and home textiles.

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Virtual meeting held with domestic toy manufacturers in India to discuss requirements and quality standards.

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Walmart committed to developing new suppliers across food, pharmaceuticals, consumables, health and wellness, and general merchandise categories.

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Focus on supporting micro, small, and medium-sized enterprises (MSMEs) in India.

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DPIIT has supported the export of domestically manufactured toys and facilitated connections with global suppliers.

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Indian toy exports surged to ₹1,017 crore during April-December 2022.

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Fiscal year 2021-22 witnessed toy exports reaching ₹2,601 crore, while imports declined by 70% to ₹870 crore.

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Potential implementation of a production-linked incentive (PLI) scheme for the toy industry.

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