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Wal-Mart gung-ho on India & China
01 Oct '09
1 min read
Mr Robson Walton, Chairman of Wal-Mart Stores, which had revenues of US $405 billion in 2008 and is the biggest retailer in the world, said that, it is keen to invest and expand in India and China.
While speaking to delegates at a Forbes Global CEO Conference in Kuala Lumpur, Mr Walton said, “China is a big opportunity for us and we are just getting started in India, where we see great opportunity over the long term”.
Wal-Mart operates at about 630 locations in China, India and Japan and nearly 24 percent of its sales came from its international division and it is speeding up expansion in Asia on the expectations that, Asia will lead the global economic recovery.
While speaking to delegates at a Forbes Global CEO Conference in Kuala Lumpur, Mr Walton said, “China is a big opportunity for us and we are just getting started in India, where we see great opportunity over the long term”.
Wal-Mart operates at about 630 locations in China, India and Japan and nearly 24 percent of its sales came from its international division and it is speeding up expansion in Asia on the expectations that, Asia will lead the global economic recovery.
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