Apsara reddy joined the people's protest at bethel nagar injambakkam

Apsara reddy joined the people's protest at bethel nagar injambakkam. this is her residential area and she has worked with the people of this area on many charitable causes and visits the temple very often. the people sat in an apolitical protest to ask for their right to remain in their homes. 

The Tamil Nadu government has been issuing several warnings to the people to vacate their homes as there is improper documents of the land. apsara reddy who sat in the protest said, "I did not come here as a politician. as a transgender woman i have seen and felt the pain of being homeless and being left alone. i am here as the sister of the people. they have all paid their electricity bills and other related taxes. i also would like to remind Mr Stalin and all other parties that the election promises were made to the people of this area that they would have the right to remain in their homes. 

Many of the people have lost jobs, family members to corona and are economically suffering. the tamil nadu government must safeguard the homes and lives of the people. i request the honourable chief minister to understand the pain and suffering of the people of injambakkam bethel nagar."

அப்சரா ரெட்டி பெத்தேல் நகர் இஞ்சம்பாக்கத்தில் மக்கள்

அப்சரா ரெட்டி பெத்தேல் நகர் இஞ்சம்பாக்கத்தில் மக்கள் போராட்டத்தில் கலந்து கொண்டார். இது அவரது குடியிருப்புப் பகுதி மற்றும் அவர் இந்த பகுதி மக்களுடன் பல தொண்டு காரணங்களுக்காக பணியாற்றியுள்ளார் மற்றும் அடிக்கடி கோவிலுக்கு வருகை தந்திருக்கிறார்.    

பெத்தேல் நகர் இஞ்சம்பாக்கத்தில் மக்கள் தங்கள் வீடுகளில் தங்குவதற்கான உரிமையை கேட்க ஒரு அரசியலற்ற ஆர்ப்பாட்டத்தில் அமர்ந்தனர். நிலத்தின் முறையற்ற ஆவணங்கள் இருப்பதால், மக்கள் வீடுகளை காலி செய்யுமாறு தமிழக அரசு பல எச்சரிக்கைகளை வழங்கி வருகிறது. மக்களுடன் 

ஆர்ப்பாட்டத்தில் அமர்ந்த அப்சரா ரெட்டி, "நான் இங்கு ஒரு அரசியல்வாதியாக வரவில்லை. ஒரு மாற்றுத்திறனாளி பெண்ணாக நான் பார்த்தேன் மற்றும் வீடற்ற நிலையில் இருப்பதை உணர்கிறேன். நான் தனியாக இருக்கிறேன். அவர்கள் மக்களின் சகோதரி அனைவரும் தங்கள் மின்சார கட்டணம் மற்றும் இதர தொடர்புடைய வரிகளை செலுத்தினர். திரு ஸ்டாலினுக்கும் மற்ற அனைத்து கட்சிகளுக்கும் இந்த வீடுகளில் தங்கியிருக்க உரிமை உண்டு என்று தேர்தல் வாக்குறுதிகள் வழங்கப்பட்டன என்பதை நான் நினைவூட்ட விரும்புகிறேன். மக்கள் பலர் கொரோனாவால் குடும்ப உறுப்பினர்கள், குடும்பங்களை இழந்து பொருளாதார ரீதியாக பாதிக்கப்பட்டுள்ளனர். தமிழக அரசு மக்களின்

 வீடுகளையும் உயிர்களையும் பாதுகாக்க வேண்டும். மாண்புமிகு முதலமைச்சர் இஞ்சம்பாக்கம் பெத்தேல் நகர் மக்களின் வேதனையையும் துன்பத்தையும் புரிந்து கொள்ளுமாறு கேட்டுக்கொள்கிறேன் என்றார்.

IndiGo strengthens regional network with Kanpur as its

 IndiGo strengthens regional network with Kanpur as its 71^st domestic destination

·         Kanpur will be IndiGo’s 10^th new regional destination in 2021

·         Announced 8 new flights, directly connecting Kanpur to Delhi, Hyderabad, Bangalore, Mumbai

·         Kanpur will be IndiGo’s 7th station in Uttar Pradesh

·         Flights to commence from October 31, 2021, bookings open

  IndiGo, India’s leading airline announced Kanpur as its 71^st domestic destination and 10^th new regional destination this year. The airline will offer direct connectivity between Kanpur-Delhi effective October 31, 2021, and direct flights between Kanpur-Hyderabad, Kanpur-Bangalore, and Kanpur-Mumbai from November 1, 2021. IndiGo is committed to strengthening regional connectivity, while making air travel more accessible and affordable. 

Mr. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo said, “We are pleased to announce Kanpur as our new domestic destination, bolstering our regional connectivity. Kanpur, known for its leather and textile industries is one of the prime industrial centres in North India and the ninth-largest urban economy in the country. Owing to the increase in direct connectivity with metro cities, these new flights will boost trade, commerce, and tourism in the region. In addition, customers would get convenient connections to the rest of the IndiGo network.  We will continue to offer new routes as per the travel demand across various sectors. IndiGo is committed to providing an affordable, on-time, safe and hassle-free travel experience onboard our lean clean flying machine.”

Kanpur is IndiGo’s 7th station in the state of UP, after Lucknow, Varanasi, Allahabad, Gorakhpur, Agra, and Bareilly. IndiGo will provide direct connectivity from Kanpur to major metro cities in India. Including these new additions, IndiGo will now offer 120 daily flights to and from the state of Uttar Pradesh. The increased connectivity in and out of Uttar Pradesh will help the economic and tourism growth.

These flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options. Customers who wish to plan their travel can book tickets via our official website www.goIndiGo.in and also browse our website in Hindi at https://www.goindigo.in/hi-in/homepage.html. The introduction of these flights will further bolster the airline’s domestic connectivity.

New flight schedule:

Flight no.

Frequency

Origin

Destination

Effective

Departure

Arrival

6E 6427

Daily

Delhi

Kanpur

31-Oct-21

10:10

11:20

6E 6428

Daily

Kanpur

Delhi

31-Oct-21

11:50

13:00

6E 6368

Daily except Sunday

Hyderabad

Kanpur

01-Nov-21

12:00

14:00

6E 0102

Daily except Sunday

Kanpur

Hyderabad

01-Nov-21

14:30

16:35

6E 6477

Daily except Sunday

Bangalore

Kanpur

01-Nov-21

10:50

13:15

6E 6476

Daily except Sunday

Kanpur

Bangalore

01-Nov-21

13:45

16:05

6E 6475

Daily except Sunday

Mumbai

Kanpur

01-Nov-21

12:55

14:55

6E 6976

Daily except Sunday

Kanpur

Mumbai

01-Nov-21

15:25

17:45

Swaraj Pro Combine 7060 Tracked Harvester to

Swaraj Pro Combine 7060 Tracked Harvester to enable best-in-class acreage for farmers in Tamilnadu this Harvest season

·         Loaded with new features the Swaraj Pro Combine 7060 offers enhanced durability, performance and operator comfort

·         Designed and developed for paddy harvest with world-class tracked solutions for tough soil conditions

·         Aims to improve farmer earnings with best-in-class equipment and a powerful fuel effecient 72 HP engine

The new Swaraj Pro Combine 7060, a tracked Harvester by Swaraj, will offer paddy farmers in Tamilnadu with enhanced productivity, performance and ease of operation, while maximizing potential grain yield, for best-in-class acreage.

Fitted with a new paddy cutter bar, the new Swaraj Pro Combine 7060 is also capable of performing efficient cutting of sleeping crop with consistency at comparatively lower costs.

Designed & developed to efficiently harvest paddy and soyabean the new combine harvester by Swaraj will enable reaping, threshing, and winnowing of grains efficiently, with minimal grain loss and breakage. 

Engineered to be rugged, powerful and fuel-efficient, the Swaraj Pro Combine 7060 is reliable and is fitted with a 72HP @2300rpm engine. Along with a sturdy low ratio reduction gear box and a low-speed, high torque hydraulic motor for lesser wear & tear, thus guaranteeing a longer product life. With a focus on safety, the harvester also has an overhead guard to prevent electrocution from low-lying electric cables in the field.

Commenting on the offering, Harish Chavan, CEO – Swaraj Division, M&M Ltd.  said, “With a very short window for harvesting, and with agriculture increasingly becoming technology intensive, we at Swaraj are pleased to have the Swaraj Pro Combine 7060 made available for the farmers of Tamilnadu, with complete on-ground sales, service and spares support at a time crucial for them. Our new product will ensure maximum productivity, quality and yield, with minimum wastage and product downtime thereby ensuring maximum earnings for the farmer.”

The Swaraj Pro Combine 7060 is sold and serviced via Swaraj’s wide retail and service network across Tamilnadu. The harvester is available at an attractive price with financing available from several banks and finance companies. Apt for wet and soft fields, the Swaraj Pro Combine 7060 is also made available in Orissa, West Bengal, Karnataka, Andhra Pradesh and Telangana.

The Swaraj Pro Combine 7060 is an addition to Swaraj’s legacy of rugged and reliable harvesters. Having launched its first harvester about four decades ago, today Swaraj is a leader in harvester technology in India with a rich product portfolio of wheeled, tracked and tractor mounted harvesters manufactured and developed in Mohali, Punjab.

Flipkart fosters a sustainable value chain to drive responsible

 Flipkart fosters a sustainable value chain to drive responsible
consumption during the Festive Season

Photo Release: Flipkart, India’s home grown e-commerce company is going plastic free for millions of packages along with deploying over 2000 electric vehicles in its delivery fleet prior to the festive season and the Big Billion Days. After successfully eliminating single-use plastic in its own supply chain in July this year, more than 75% of Flipkart’s seller fulfilled shipments are now being processed in sustainable packaging marking a 20x increase over July 2020 covering more than 70 facilities across India.

The increase in adoption rate is a significant outcome of the efforts of teams working with its seller partners, a transition path to gradually adopt sustainable packaging alternatives. The sustainable packaging alternatives were co-created with seller partners to customize designs catering to durability, size constraints and cost efficiency for different product categories.

These 2000 electric two-wheelers and three-wheelers have been deployed across 90 cities in India and will help deliver smiles this festive season sustainably. Earlier this year, the company had committed to deploy 25,000 EVs in its supply chain by 2030 towards its transition to 100% fleet electrification as part of its collaboration with The Climate Group's EV100 campaign.

Mahesh Pratap Singh, Head - Sustainability and Social Responsibility, Flipkart said, “Festive season is about creating progressive value for all stakeholders and we are proud to uphold our promise to our customers to bring them a sustainable festive season with each order. The Flipkart teams have come together to ensure our delivery executives are delivering to thousands of pincodes across 90 cities in more than 2000 electric vehicles, which is a proud moment for us in our journey towards 100% electrification of our last mile fleet. Some of these cities include Bengaluru, Delhi/NCR, Mumbai, Chennai, Waidhan, Hyderabad, Vidisha, Shajapur, Jhabua, Pune, Sonai, Mysore, Rampur and many more as we continue to build sustainability into every part of our work."

துர்வா - சினேகன் - சாக்‌ஷி அகர்வால் -

 இயக்குனர் N.T.நந்தா இயக்கத்தில்

துர்வா - சினேகன் - சாக்‌ஷி அகர்வால் - பிரனய் - ஷிரா நடிக்கும்

“குறுக்கு வழி”

ராய்ஸ் மேட் பிரைவேட் லிமிடட் தயாரிப்பு நிறுவனம் தயாரிப்பில் வல்லதேசம் வெற்றிக்கு பிறகு இயக்குனர் N.T.நந்தா இயக்கும் இரண்டாவது படம் ‘குறுக்கு வழி’.

சூப்பர் டூப்பர் படத்தின் நாயகனாக நடித்து பலரது பாராட்டை பெற்ற நடிகர் துர்வா, பிரனய் இப்படத்தின் நாயகர்களாக நடிக்க சாக்‌ஷி அகர்வால் கதாநாயகியாக நடிக்கின்றார். கவிஞர் சினேகன், தீபன், ஷிரா, மிப்பு  முக்கிய கதாபாத்திரத்தில் நடிக்கின்றனர்.

இயக்கம், ஒளிப்பதிவு - N.T.நந்தா 

கலை - ஆரோக்யராஜ்

புரொடக்‌ஷன் எக்ஸிகுயுடிவ் - KKS ராஜா

புரொடக்‌ஷன் மேனேஜர் - R.ஸ்வாமிநாதன்

மக்கள் தொடர்பு - சதீஷ் (AIM) 

சில தினங்களுக்கு முன்பு பூஜையுடன் ‘குறுக்கு வழி’ படத்தின் படப்பிடிப்பு இனிதே துவங்கியது.

Piramal pays consideration for acquisition and merger of

Piramal pays consideration for acquisition and merger of
Dewan Housing Finance (DHFL)

 

Transaction highlights

·         The first successful resolution under the IBC route in the financial services sector and amongst the largest resolutions in value terms

·         Total consideration of ~INR 34,250 Crores paid for the completion of the acquisition

·         94% of the creditors had voted in favor of Piramal’s resolution plan

·         Approvals obtained from Reserve Bank of India (RBI), Competition Commission of India (CCI) and National Company Law Tribunal (NCLT)

·         Piramal Capital and Housing Finance Ltd. (PCHFL) to merge with DHFL. Resultant entity to be named as PCHFL.

·         Most of the DHFL creditors are recovering nearly 46% through successful completion of the resolution process

 

Creates one of the leading Housing Finance Companies in India, focused on affordable financing

·         Access to over ~1 million lifetime customers

·         Presence across 24 states with a network of 301 branches and 2,338 employees

·         India-wide platform to address diverse financing needs of the under-served ‘Bharat’ market

·         Significantly diversifies the loan book towards retail financing – Nearly 50:50 retail wholesale mix in the near-term

·         Acquisition will scale up our retail loan book to ~5 times

·         Reduces the average borrowing cost and further improves the Asset Liability profile of our Financial Services business

Acquisition is in line with a strategic roadmap to transform our financial services business, over the last two years

·         Raised ~INR 18,000 Crores of equity - strengthened the balance sheet to take advantage of such large opportunities

·         Significantly reduced debt-to-equity – creating a headroom for significant growth in the merged entity

Piramal Enterprises Limited (‘PEL’, NSE: PEL, BSE: 500302) today announced the payment of consideration for the acquisition of Dewan Housing Finance Corporation Ltd. (DHFL), marking the first successful resolution under the IBC route in the financial services sector.  In value terms, the transaction is among the largest resolutions till date, setting the precedent for future resolutions in the sector.

Speaking on the occasion, Ajay Piramal, Chairman, Piramal Group said, “We are very pleased to announce the consideration payment made towards the completion of this exciting acquisition. This accelerates our plans to become a leading digitally oriented, diversified financial services conglomerate that focuses on serving the financial needs of the unserved and underserved customers of our country.

An important characteristic of any advanced economy is a robust insolvency code. The landmark bankruptcy reforms have made it possible to solve complex resolutions like this in a more complete and timely way.’

 

Anand Piramal, Executive Director, Piramal Group said, “The combined entity will have 301 branches, 2,338 employees and over 1 million lifetime customers. We will be a dominant player in the fast-growing affordable housing segment. Over the last two years we have successfully built our next-gen technology platform, advanced analytics engine and AI/ML capabilities. This acquisition allows us to implement these technologies across a much larger base of customers. The new merged entity is poised to be at the forefront of the digital-first retail lending market in India.”

 Transaction Synergies

The merged entity combines Piramal’s financial strength, core values and institutional credibility with DHFL’s geographic footprint and distribution network of 301 branches and 2,338 employees catering to ~1 million lifetime customers across 24 states - making it one of the leading housing finance companies in the country.

It creates an India-wide platform focused on the affordable segment (with average loan ticket size of nearly INR 17 Lacs) to address the diverse financing needs of the under-served and unserved ‘Bharat’ market – that represents Indian budget conscious customers at the periphery of metros and in Tier I, II and III cities.

Over the last two years, Piramal Enterprises strengthened its balance sheet to take advantage of such large opportunities by raising ~INR 18,000 Crores of equity. It reduced net debt-to-equity and shifted towards long-term borrowings, thereby creating a headroom for significant growth in the merged entity. The acquisition is a major step under the execution of a strategic roadmap to transform our financial services business.

 

This transaction will not only grow the retail loan book to ~5 times, but also lead to a significant diversification of the overall loan book. This paves the way for achieving nearly 50:50 retail wholesale mix in the near-term.  The company will leverage the “phygital” lending platform driven by Machine Learning (ML) and Artificial Intelligence (AI), including the new mobile app.

In addition, the transaction will lead to a reduction in weighted average borrowing cost by nearly ~130 basis points and should further improves the Asset Liability Management (ALM) profile of our Financial Services business. The transaction will also significantly improve the utilization of equity in our Financial Services business, with net debt-to-equity of the Financial Services business getting efficient from 1.6x as of Jun-2021 to 3.5x in the near term.

Parameters	What changes?
No. of Customers	43 times increase from 23,286 to ~1 million in the number of lifetime customers
No. of States	2.4 times increase in presence from 10 to 24 states
No. of Cities / Towns	6 times increase in presence from 40 to 236 cities and towns
Branches	22 times increase in the number for branches from 14 to 301
Scale	~5 times increase in the size of retail AUM
Diversification	From largely wholesale led to 50:50 retail wholesale mix in the near term

 

Debt platform, CredAvenue raises

Debt platform, CredAvenue raises
$90 million in Series A equity funding round

• Funding round led by Sequoia Capital India with Lightspeed, TVS Capital Funds and Lightrock India as co-leads
• Other investors include CRED and Stride Ventures
• The equity funding values the company at approximately $410 million

 CredAvenue today announced the closing of its first funding round of $90 million led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds, Lightrock and others. Avendus Capital was the exclusive financial advisor to CredAvenue on the transaction. 

CredAvenue is building infrastructure to power debt markets and offers unparalleled solutions for discovery and execution across a wide range of products. To date, it has facilitated transactions worth ~ $9 billion through the platform, while engaging with 1,500+ institutional borrowers and 750+ investors, touching 1 million+ end retail borrowers.

The funds raised in this round will be utilized towards expanding product capabilities and ramping up the platform’s technology and data science infrastructure. The company aims to invest heavily in data science, machine learning and artificial intelligence over the next few months to significantly improve and expand its product offerings, across each of its sub platforms. CredAvenue aims to transform from an assisted platform to a completely self-serve one, thereby improving the speed and autonomy of the platform users.

CredAvenue, which has been on a hyper-growth trajectory over the last year, today comprises over 350 employees spanning across different verticals - technology, sales, marketing, strategy, HR. It expects to double its headcount to 700 by the end of FY22. The company also plans on global expansion and inorganic growth through strategic acquisitions.  

Gaurav Kumar, Founder & CEO, CredAvenue, said, “At CredAvenue, our objective is to revolutionize the debt market through technology and innovation.  We are the only enterprise debt platform offering all forms of debt, both in India and globally and this reflects in the scale of business done by our platform since inception. We are building something truly transformational, and we aim to increase the debt to GDP of our country with CredAvenue. We are delighted to welcome the Series A investors to our journey. They will catalyze our mission with capital and guidance, to keep expanding our lead in this market.”

Combining deep technological innovation with expertise in financial product design, the company is one of the only fintech platforms with deep technology integrations across the top ten banks and mutual funds in India, representing loan assets worth $1 trillion+, that form the core of the financial services establishment in the country. The product stack allows for a high level of interoperability making CredAvenue a one-stop solution for all debt needs.

CredAvenue’s goal is to transform the debt markets globally, starting with India, by deepening access to capital for the growing enterprise sector to unlock significant economic growth. It does this by doing three things. First, creating a transparent marketplace for financial services firms on one side and enterprises on the other side to discover lending and borrowing opportunities. Second, developing a robust product suite and credit rating mechanism to enable stakeholders to find an appropriate product-risk fit and last, creating a robust and low friction UX that not only automates the execution of the transaction but also offers continuous portfolio monitoring.

The company has already achieved market leadership across various debt categories including co-lending, loans, and bonds, by simplifying access and servicing and helping consumers seamlessly navigate multiple offerings through a single portal.

 Quotes by Series A Investors:

Sakshi Chopra, MD, Sequoia India, said, "Gaurav and team are veterans in the industry and we are delighted to partner with them in their vision to deepen the debt markets in India which currently remain underdeveloped at ~65% of GDP, well behind the global average of ~150%. CredAvenue is a unique solution that not only simplifies access to credit for borrowers ranging from a BB to AA rating but also improves access to multiple debt products like bonds, supply chain financing, etc. on a single unified platform. We believe, it has the opportunity to become the platform of choice for borrowers and lenders operating in the debt market."

Aditya Sharma, Partner - Growth Equity, Lightspeed, said, "CredAvenue is a unique multi-product platform that is digitising the Indian debt markets. With its deep focus on technology, product innovation and process automation, CredAvenue has created a thriving marketplace for credit discovery and technology-led monitoring and fulfilment. We look forward to collaborating with the entire CredAvenue team to help transform the Indian credit markets."

Kartik Srivatsa, Managing Partner of Lightrock India, said, “We are excited to back the team at CredAvenue as they emerge as one of the canonical businesses transforming the financial services sector through a differentiated platform that stands out in today's fintech ecosystem with a clear value proposition validated by a strong monetisation model.”

Gopal Srinivasan, Chairman at TVS Capital Funds Ltd, said, “Proactive regulatory reforms are having a game-changing impact on the debt market structure in India. CredAvenue’s platform can provide institutional investors access to larger liquidity pools at market-efficient rates and faster transaction times. Also, with its easy access and the right information, the platform is facilitating larger participation of retail investors in the corporate debt market, which is driving financial inclusion in the fixed income category and is an enabler for the national economic direction in the much-needed deepening of the bond markets in India. We are convinced that CredAvenue can be the leader in this transformative journey of Indian debt markets.”

Kunal Shah, Founder, CRED, said, “CRED is really excited to partner with and invest in CredAvenue as they build phenomenal infrastructure to supercharge India's debt markets with technology."

Ishpreet Gandhi, Founder and Managing Partner, Stride Ventures, said, “We are ecstatic to work with CredAvenue's strong founding team, which has extensive experience and is a forerunner in debt distribution. At CredAvenue, we see a huge opportunity to change the way debt is handled in India. Stride will continue to invest in businesses with distinctive product offerings and platforms.”

Walmart and Flipkart celebrate Vriddhi graduates

Walmart and Flipkart celebrate Vriddhi graduates: 2,500 MSMEs on a path to enhancing their domestic and export capabilities

Trained MSMEs across India awarded certification in the presence of Shri Sidharth Nath Singh, Hon'ble Minister of MSME, Investment and Export, Textile, Khadi & Gram Udyog, Government of Uttar Pradesh

 Walmart and Flipkart today hosted a virtual Graduation Day event for the first group of graduating micro, small and medium-sized enterprises (MSMEs) under the Walmart Vriddhi Supplier Development Program (Walmart Vriddhi). Over 2,500 MSMEs from across India received certificates in the presence of Shri Sidharth Nath Singh, Hon’ble Minister of MSME, Investment and Export, Textile, Khadi & Gram Udyog, Government of Uttar Pradesh, along with Walmart and Flipkart leadership. The occasion recognized MSMEs who have partnered with Walmart and Flipkart to complete the first phase of the Vriddhi program. Through this training, graduating entrepreneurs have been empowered with modern business management frameworks that can help them modernize and meet their growth ambitions by embracing India’s digital retail revolution.

The first phase is part of Walmart Vriddhi, a comprehensive growth and learning platform comprising of training and in-depth expert support.  The different phases in the program give MSMEs access to advanced business tools and strategies, as well as one-on-one expert consultation, to help them unlock their entrepreneurial capacity, modernize their business, and thrive. Graduating entrepreneurs are already experiencing growth, with many expanding their digital capabilities and selling across India through the Flipkart marketplace. The program has also supported MSMEs to grow their peer networks. The Walmart Vriddhi program is delivered by program partner Swasti.

On the occasion, Shri Sidharth Nath Singh, Hon’ble Minister of MSME, Investment and Export, Textile, Khadi & Gram Udyog, Government of Uttar Pradesh, said, “I congratulate all businesses that are augmenting their learning in their quest to embrace new markets and growth despite multiple challenges. I would encourage more MSMEs to take advantage of programs such as Walmart Vriddhi to enhance their business capabilities, become self-reliant and further strengthen India's position as an export hub. Empowering small businesses to stretch their wings is a key priority for the Government. To promote exports further, we are setting up overseas trade promotion and facilitation centers in all 75 districts of the state of Uttar Pradesh."

Leigh Hopkins, Executive Vice President, International Strategy, Development and Asia Region, Walmart International, said, “Walmart is proud to announce the graduation of over 2,500 MSMEs of the Walmart Vriddhi program today. We are delighted to be able to support small business owners’ growth ambitions with this program. Walmart has an ongoing commitment of tripling exports from India by 2027 to $10 billion annually, and we look forward to supporting more small businesses in their efforts by providing potential access to online and offline markets in India and globally.”

Many local home-grown brands have already benefited from training from the Vriddhi program.

• Healthy Fibres has started selling on the Flipkart marketplace to complement its physical channels and reach a national market. It plans to open a network of experience stores pan-India and is ambitious to also reach overseas markets in the future.
• Scraft Products leveraged the skills and contacts it had built through Walmart Vriddhi to create new product lines when the pandemic disrupted its business. It is now working towards achieving at least 25% of its pre-COVID sales from exports.
• Jutex India has joined the Flipkart marketplace and been empowered to better leverage market dynamics and enhance its performance, despite challenging circumstances.
• Plus Creations, which manufactures more sustainable food packing, already sells in India and abroad. It is now using eCommerce to increase its footprint across India, and is exploring new international markets.

Walmart and Flipkart expect many more entrepreneurs to graduate from the Vriddhi program over the next few months. Small businesses are the backbone of India’s economy and Walmart and Flipkart look forward to partnering with them and providing access to online and offline markets in India and around the world.

Adarsh Menon, Senior Vice President and Head, Flipkart Wholesale, said, " We are truly excited to see the graduating entrepreneurs who are digital-ready and getting ready to be part of India’s continuing economic growth story. We are proud that there are already around 3.75 lakh Indian sellers on the Flipkart marketplace today, a majority of which are MSMEs. Through additional support such as the Flipkart Samarth program, we are also enhancing access to markets for artisans, weavers, and other small businesses. Digital upskilling helps MSMEs boost their businesses, weather industry challenges and strengthen the e-commerce ecosystem."

As part of continuing efforts to support small businesses, Walmart and Flipkart recently announced a Memorandum of Understanding (MoU) with the Government of Haryana, and the Government of Tamil Nadu respectively through the Walmart Vriddhi program to enhance the growth and development of MSMEs in those states.

Walmart Vriddhi was launched in 2019, to empower 50,000 MSMEs across India, over five years. Vriddhi e-Institutes have since been launched in Panipat, Agra, and are moving to open much more, to provide a digitally enhanced learning experience with personalized feedback and one-on-one advisory sessions. MSMEs enrolled in the program have benefitted from actionable advice through Vriddhi Cares, a tailored program to help them navigate the impact of COVID-19 on their workforce and business.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, approximately 220 million customers and members visit approximately 10,500 stores and clubs under 48 banners in 24 countries and eCommerce websites. With fiscal year 2021 revenue of $559 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmart.

About Flipkart Group