Recently after BJP's Election Manifesto everyone surprised with the steps they have taken for the FDI in retail. But despite that US retail major Walmart declared that they will start 50 cash-carry stores in various cities of India in next 4-5 years of time. This move will really change the face of India from retail FDI point of view and also change the business model in India. Besides that Walmart will also launch business (B2B) e-commerce platform for members of its cash and carry ‘Best Price Modern Wholesale Stores’.
“Walmart is committed to India and we are excited about our growth plans. We will continue to focus on the cash and carry format as we are very happy with the way it has shaped up in the last few years. The format is also poised to grow in India and we would like to serve the growing customer base by opening 50 new cash and carry stores over the next four-five years and extend the e-commerce platform to our cash and carry members with a virtual shopping opportunity,” Scott Price, president and CEO, Walmart Asia, said, in the statement.
“Walmart is committed to India and we are excited about our growth plans. We will continue to focus on the cash and carry format as we are very happy with the way it has shaped up in the last few years. The format is also poised to grow in India and we would like to serve the growing customer base by opening 50 new cash and carry stores over the next four-five years and extend the e-commerce platform to our cash and carry members with a virtual shopping opportunity,” Scott Price, president and CEO, Walmart Asia, said, in the statement.
source : www.indianexpress.com
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