WM Global Sourcing India, the Bangalore based Indian sourcing arm of retail major Wal-Mart, directly sourced more than $400 million worth of supplies from India in 2005 and is on course to increase the same by 50% to $600 million. This excludes a substantial amount of Indian-made goods that Wal-Mart bought through importers. Major categories of goods sourced by Wal-Mart from India include home textiles, apparel, fine jewellry and house wares.
“Wal-Mart’s position as one of the major buyers of Indian products is a position carefully earned over the years through close partnership with our suppliers. We expect that direct sourcing from the region will continue to grow as suppliers in the region are innovative and respond quickly to new trends and business opportunities,” said Rajnish Kapur, General Manager, WM Global Sourcing India reports PTI.
The office in India serves as a hub for sourcing merchandise from India, Nepal and Sri Lanka to Wal-Mart stores around the world.