Photo: AFPLucknow: As part of its initiative to support sustainable livelihood for farmers in India, the Walmart Foundation 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. Besides, it will lead to accelerated market access and reduction in transportation costs for producers, she said.

Source: Mint September 27, 2018 09:11 UTC