The company claims it is in India for the long haul -- unlike French chain Carrefour, which exited the country in 2014. American giant Walmart wants policy clarity for the entire retail sector before expanding its India business, as it’s keen to become the leader in both physical and online spaces. The $482-billion group, which operates chains of hypermarkets, discount department stores and grocery stores, has its headquarters in Bentonville, Arkansas, US. It entered India in 2006, with ... Rediff.com, 2 months ago
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Panic buttons were pressed when Alibaba recently announced it was exploring options to directly enter India Exactly 10 years ago, in April 2006, stories of American retail giant Walmart trying to enter India made the headlines. Seven months later, in November that year, Walmart announced its intention to start a joint venture with the Sunil Mittal-led Bharti group in the wholesale space, as our foreign investment rules stopped the biggest retailer of the world from direct entry. That ...Rediff.com, 2 months ago
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