‘Wal-Mart India plans possibly at final stage’

Update: 2013-08-31 23:36 GMT
Global retail giant Wal-Mart is expected to soon firm up its plan to foray into India’s multi-brand sector, a top government official said on Friday. Wal-Mart Asia chief Scot Price met top officials of the department of industrial policy and promotions and sought clarity on the recent changes government had made in the multibrand retail FDI policy. ‘They have indicated to come back to us very soon with a firm proposal ... The consideration by Wal-Mart is very serious for India and their plan is possibly in the last stage,’ the official said.

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