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Walmart sees India as a strategic market due to its favorable ecosystem and infrastructure, aiming to source USD 10 billion in exports annually by 2027, making it the only market aside from the US with such a sourcing objective. The retail giant aims to provide global market access to Indian manufacturers, recognizing the demand for unique products globally. Partnerships with Indian companies like Hero Ecotech, Mrs Bector's Food, and Welspun have already proven successful, the company said.

Walmart announced that the first India-made bicycles are hitting select stores in the U.S

India's rich history as a leading manufacturer of bicycles is exemplified by Hero Ecotech Ltd

NEW DELHI: The Indian envoy to the United States, Taranjit Singh Sandhu, expressed his joy on Tuesday while attending the launch of the first bicycles.

Building new product and supply chain partnerships is aligned to Walmart’s goal to triple exports out of India to $10 Billion USD annually by 2027