Walmart to invest Rs 180 cr to improve farmers’ livelihood

As part of its initiative to support sustainable livelihood for farmers in India, the Walmart Foundation on Thursday announced investment of Rs 180 crore over the next five years in the country.

"The Walmart Foundation, working beyond the Walmart India supply chain, will invest approximately Rs 180 crore ($25 million) to improve farmers' livelihood over the next five years," Walmart International CEO Judith McKenna said. She was speaking at a meeting with local farmers in Kasimpur village on the outskirts of the state capital.

Walmart India CEO Krish Iyer, Walmart India chief corporate affairs officer Rajneesh Kumar and Flipkart Group CEO Binny Bansal accompanied McKenna when she toured a vegetable farm and evinced keen interest in the cultivation going on there. Walmart vice president of global public policy and government affairs Paul Dyck was also present.

The high-level delegation Wednesday discussed with Uttar Pradesh chief minister Yogi Adityanath various matters related to investment by Walmart in the state.