The $476-billion retail chain, Walmart, has been seeking a meeting with the government since May but could not make much headway, according to sources. Under pressure from the US, the government might again be compelled to review the foreign direct investment policy in multi-brand retail trading. At the forefront is American retail giant Walmart, demonstrating a renewed interest in entering India’s fast growing retail market, estimated at $600 billion. Currently, Walmart operates 20 ... Rediff.com, 2 weeks ago
The company gets ready to open store, in Agra, after two-year break; global head comes next month. Ending a two-year wait, Walmart, the $476-billion American supermarket chain, largest retailer in the world by revenue, is readying plans to open its 21st store in India. The latest cash-and-carry or wholesale outlet, for selling products from grocery to apparel and consumer electronics to businesses, offices and organisations, is coming up in Agra by the middle of 2015, it is learnt. This will be ...Rediff.com, 1 month ago
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