Tuesday, April 16, 2019

Turning Small Indian Firms into Global Entrepreneurs

©iStock/credit unknown
Many home-grown Indian manufacturers and sellers are profiting from the business models and facilitation offered by India-focused multinationals such as Walmart and Amazon.  Mumbai-based Indo Count Industries is one of them -- considered the fastest-growing suppliers of home textiles in the US and European markets.

Walmart, with its sourcing model, and Amazon, by offering a Global Selling Programme, are raising the aspirational bar on small Indian businesses, elevating them to earn the coveted tag of ‘global entrepreneurs’.

Additional points highlighted in the article below:
  • Walmart sets up global sourcing centre in Bengaluru that sources India-made products for catering to 14 foreign markets; it procures over 95 per cent of the goods sold in Best Price stores from local companies.
  • Amazon takes ‘Make in India’ to the world, bolstered by its Global Selling Programme; it is empowering sellers from small towns in India by scaling up their businesses and leveraging the digital economy.
Read more about how Walmart and Amazon are turning small Indian firms into global entrepreneurs.

No comments: