Walmart India plans to improve its cash-and-carry store count by adding 50 stores in next four to five years

Zirakpur: Walmart India, wholly-owned subsidiary of US-based Walmart Stores, plans to add 50 more cash-and-carry stores in India over the next four to five years. Since opening its first store in Amritsar in May 2009, Walmart has set up 20 cash-and-carry stores in nine states across India and continues to focus on the B2B segment in the country. Walmart India will continue to invest in supply chain infrastructure and supplier development, especially helping the growth of small and medium manufacturers in India. As per the current Foreign Direct Investment (FDI) guidelines, 100 per cent FDI is allowed in B2B wholesale cash-and-carry business. This ease of doing business and conducive investment climate is helping Walmart to continue adding local jobs, thereby contributing to growth.

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