Home / Knowledge / News / Apparel/Garments / Walmart proposes to step foot into Nepal
Walmart proposes to step foot into Nepal
08
Jul '11
Walmart, the world's largest retailer has shown interest in starting operations in the Himalayan country of Nepal. Wal-Mart is looking to set up a joint venture, with an existing departmental store or retail chain in the country.

The Bentonville, Arkansas-based US company, had worldwide sales of US $419 billion in fiscal year ending January 31, 2011 and in the early 2000's, Walmart was a major purchaser of clothing and accessories from Nepal.

A Walmart representative was part of a US delegation which recently visited Nepal to look for investment opportunities and who displayed keen interest in setting up operations, by tying up with a local retail store or chain.

“I do not think there is any particular intention from Walmart to enter Nepal, right now. There was a delegation that came from US Chamber of Commerce from India to Nepal, among whom was a Walmart representative”, Mr Uday Raj Pandey, President, Garment Association – Nepal, told fibre2fashion.

He added, “If everything goes well – the political scenario as well as other things, Walmart may be interested to do some business in Nepal. This came out in an informal meeting. However, they will not venture out on their own, but may tie up with some retail store or chain which is already operating in Nepal”.

He further said, “If Walmart comes to Nepal everybody can have cheaper, fresh quality goods in hand. This, in turn, will create more competition for other chain stores. Nepalese producers or Nepalese sellers as well as Indian and other sellers will have to compete with Walmart, which will make cost of goods cheaper”.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search