NSIC signs MoU with Walmart

Tags: Economy/Finance National News

An MoU was signed between Walmart Global Sourcing India Private Limited and The National Small Industries Corporation (NSIC) Limited on 6th December, 2022.

Important facts

• The MoU was signed at the Walmart Vriddhi Seller Summit in New Delhi.

• The Walmart Vriddhi Seller Summit is an event to achieve a record 20,000 MSMEs who have completed their training under the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi) of which Swasti is a program partner.

• The MoU was signed by Gaurang Dixit, Chairman and Managing Director, NSIC and Prameela Mallaiah, Director and Hub Leader, Walmart in the presence of Union Minister of MSME Narayan Rane.

• The MoU aims 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 to become a part of retail supply chains, locally and globally.

• The partnership with NSIC will enable a large number of small businesses and entrepreneurs in India to access the Vriddhi program.

• The Vridhi program provides training and an end-to-end learning platform, along with access to the support needed to grow and expand businesses.

National Small Industries Corporation (NSIC)

• It is an ISO 9001:2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME).

• It is working to promote and assist the development of micro, small and medium enterprises in the country.

• It was established in 1955.

• Headquarters - New Delhi