Indiaherald Group of Publishers P LIMITED

close save
crop image
Sat, Jan 19, 2019 | Last Updated 12:54 pm IST

Menu &Sections


Walmart invests Rs 181 crore till 2023 to improve livelihood of Indian farmers

Walmart invests Rs 181 crore till 2023 to improve livelihood of Indian farmers
Walmart invests Rs 181 crore till 2023 to improve livelihood of Indian farmers

As per report "Walmart Foundation will invest $25 million to improve farmer livelihoods over the next five years, working beyond our Indian arm's supply chain," said the US based company in a statement in Bengaluru. Meanwhile the retail giant would also increase its direct sourcing from farmers to 25% of produce sold in its Cash and Carry stores over the next five years. The statement said "Smallholder farmers are the backbone of the Indian economy, with over 50% of the workforce employed in the sector”.

Furthermore as the Indian government has set an ambitious goal of doubling farmers' income by 2022, the global retail firm hopes its initiative would also improve India's food security and boost its economy. The statement noted "The fund will be used to support farmer organizations in developing knowledge of sustainable farming practices, share business best practices add value to primary agricultural commodities and improve access to finance and markets”.

Walmart invests Rs 181 crore till 2023 to improve livelihood of Indian farmers

Finally when announcing the funding initiative in Lucknow, Walmart International Chief Executive Judith McKenna said the company would create more opportunities for smallholder farmers with more local sourcing of agri-produce for its supply chain and stores across the country.

Walmart invests Rs 181 crore till 2023 to improve livelihood of Indian farmers
5/ 5 - (1 votes)
Add To Favourite
More from author
TASMAC surpasses Petta!
Congress MP's trolls Amit and gets criticism!
World's top four Richest Celebrity list with their individual net worth
RBI Governor to cut Interest Rates
PhonePe seen a remarkable growth in 2018 in offline business
Vijayashanthi questions Why TRS shows fake statements
SC orders protection for counterfeit travelers in Sabarimala issue
Boxing Legend Muhammad Ali name for US Airport
Reliance Jio Net Profit jumped to 65%
Arun Jaitley to increase Income Tax Slabs Tax Rate
Ola Money Postpaid offers a 15 day credit line to passengers
Chill breeze to prolong for 4 days in Tamilnadu
DMK Chief MK Stalin to attend Mamata Banerjee's Party meet on January 19
Low cost Airline Scoot to adds 3 new South Indian cities
Telangana new Assembly session begins with new Speaker
Dinakaran suspects Edappadi Palanisamy!
Viswasam receives police appreciation!
Ajith fan dies when seeing movie!
Chennai kid is youngest grandmaster!
New I-T return filling system be developed by Infosys
TN Police Department issued instructions to create WhatsApp group for every police station
PM Narendra Modi inaugurated Vibrant Gujarat Global Trade Show in Gandhinagar
PM Modi may keep door open, but no party is prepared to go inside in Tamilnadu
What will be Pawan's stand at national level?
West Zone Party Office opened by Kamal Hassan in Pollachi
Trump nominated three Indian Americans to key administration positions
Nationwide probe launched to nab main perpetrators in QNet scam
Indian Railways linked its locomotives via ISRO satellites
Jallikattu opening day Festival begins with 500 Bulls in Tamilnadu
Will Indra Nooyi become World Bank President?
Yogi Adityanath record spending on festival!
Dhoni's unexpected anger on field!
Supreme Court hearing on Interim CBI chief!
Is YS Jagan is allying with KCR to form Andhra Drohula Front?
Indra Nooyi been courted as an administration ally by Ivanka Trump
How to Copy in Exams? Ad went viral in WhatsApp
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.