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Wal-Mart to open offices in Mumbai & Delhi

July 28, 2006 (India)

World’s largest retail chain Wal-Mart has acquired Government's approval to set up two offices in the country.

Company has received all necessary approvals, including one from Reserve Bank of India.

These two offices will be located at Mumbai and Delhi to analyze business opportunities in Indian retail sector.

These offices will increase sourcing activities in the country and study market potential where company desires to source material worth $4 billion in near future.

These offices will start operating from October or November 2006.

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