Walmart bullish on India stores
17 Sep 2012 11:17 PM GMT
World’s largest retailer Walmart Stores Inc is keen to open retail stores in India with the government allowing foreign investments in multi-brand segment.
The company, which currently operates a 50:50 joint venture with the Bharti Group for wholesale cash and carry, however, said it would have to study the policy fully and evaluate before finalising its future course of action.
‘Now that FDI in multi-brand retail is allowed, we are definitely interested in it,’ Walmart India president Raj Jain said.
The company, which currently operates a 50:50 joint venture with the Bharti Group for wholesale cash and carry, however, said it would have to study the policy fully and evaluate before finalising its future course of action.
‘Now that FDI in multi-brand retail is allowed, we are definitely interested in it,’ Walmart India president Raj Jain said.
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