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Walmart to open 15 outlets for wholesalers in Maharashtra
13
Jul '17
American retailer Walmart plans to invest Rs 900 crore in order to open 15 outlets in Maharashtra which will cater to wholesalers. These new stores can be expected to generate employment for over 30,000 people in the state. The industries department of Maharashtra has signed a memorandum of understanding (MoU) with Walmart regarding its expansion.

The additional 15 stores will be opened in Maharashtra in the next few years, said the Chief Minister's office in an official statement. Walmart currently has two stores in Maharashtra – one each in Amravati and Aurangabad.

The retailer already has 21 wholesale membership clubs in 9 states in India that offer close to 5,000 items. The company plans to have 49 more cash and carry stores in India by 2020.

Chief Minister of Maharashtra Devendra Fadnavis was present during the signing of the MoU along with Pravinsingh Pardeshi, additional chief secretary of the CM; Sunil Porwal, additional chief secretary (industries); Harshdip Kamble, development commissioner; and Krish Iyer, head of Walmart India. (KD)

Fibre2Fashion News Desk – India


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