Walmart steps up cash-and-carry store expansion in India
Walmart is planning to open 15 new cash-and-carry stores in the Indian state of Andhra Pradesh over the next five years.
The company intends to have wholesale stores in every district of the state. It is presently operating three stores in the districts of Vijayawada, Guntur and Rajahmundry.
After a recent meeting of AP chief minister N Chandrababu Naidu with Walmart International president and CEO David Cheesewright at the World Economic Forum in Davos, Walmart India president and CEO Krishna Iyer met Naidu on Monday.
The company is also planning to invest in social and rural entrepreneurship via corporate social responsibility.
Iyer said the company plans to focus on creating women leaders and build skills of self- help group women in the state.
Naidu said Walmart may also explore possibilities of establishing cold-chain facilities and work on backward integration of agriculture.
"Given that Walmart is the world leader in retail, you can suggest the best practices the company incorporates in different countries which we can implement locally in our state."
Wal-Mart India owns and operates 20 wholesale stores in nine states across India. The first store was opened in Amritsar in May 2009.