Wal-Mart to open first India centre in 2009

Written by Reuters | New Delhi, September 24: | Updated: Sep 24 2008, 17:39pm hrs
Wal-Mart Store Inc will open its first cash-and-carry centre in India in 2009, the head of its India operations said on Wednesday.

Wal-Mart, which has a venture with India's Bharti Enterprises for cash-and-carry wholesale operations, had earlier said it aimed to open the first of its centres by year-end and open 10-15 centres over seven years.

"Certainly that was the initial plan," Raj Jain said at the sidelines of a business conference.

"We still stick with that. It could be faster, it could be slower."

The first centre will be in northern India, he said.