Wal-Mart steps up India rollout, hopes rules ease
Wal-Mart Stores Inc, the world’s biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules. Raj Jain, chief of Indian operations for Arkansas-based Wal-Mart, said the firm now expects to open 10-12 wholesale centres in India over two-to-three years, from an [...]
Bharti Walmart to foray into south, west India within 2 yrs
Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and US-based Walmart Inc, on Tuesday said it will enter the southern and western parts of India within the next 18-24 months as it looks to expand presence in the country. The wholesale firm had earlier announced plans to have 10-15 outlets within the next three [...]
Walmart to make India major sourcing market
Walmart, the world’s largest retail player, today said it will increase sourcing from India for its global operations and expects the country to become one of its major suppliers within 4-5 years. ”We see India as a mega place for our worldwide sourcing. Indian products can be exported to other Asian countries, Europe and even the [...]
