Walmart to Launch 30 Stores In Next 3 Years In India
US-based multinational retailing corporation Walmart is planning to open nearly 30 new wholesale cash-and-carry stores in the next three years in India, basically in Uttar Pradesh (UP) and Uttarakhand, mentioned by the top company official.
Walmart India, the wholly owned subsidiary of Walmart Inc, has inaugurated its second B2B fulfilment centre (FC) in Lucknow. It is set to accelerate the growth of its store network in the country.
Walmart India President and CEO Krish Iyer mentioned that “We would launch two stores this year, eight stores next year and 10 stores a year after that, Walmart has plans to add 50 stores in the next five to seven years."
Besides, the company has a signed memorandum of understanding (MoU) with the government of UP to have 15 stores in the next few yea...