Brief by Shorts91 Newsdesk / 05:42am on 13 Dec 2023,Wednesday India Global
Walmart reveals the debut of the first "Made-in-India" bicycles in selected US stores, aligning with their commitment to triple exports by 2027. Taranjit Singh Sandhu, India's envoy to the US, expresses delight, emphasizing the significance of "Make in India." Manufactured by Hero Ecotech, the cruiser-style bicycles use over 90% Indian raw materials. Walmart's Vriddhi initiative, launched in 2019, contributes to the Make in India initiative, empowering MSMEs. Andrea Albright, EVP of Sourcing at Walmart, highlights the partnership's role in strengthening global supply resilience and fostering economic growth. The move aligns with India's push for global manufacturing prominence.
