Wal-Mart to open first India centre in 2009

Reuters
Posted: 2008-09-24 12:09:31+05:30 IST
Updated: Sep 24, 2008 at 1209 hrs IST

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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.

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» Wal-Mart

Posted by Simon Harding on 2008-09-24 14:39:20.417123+05:30
Wal-Mart opening in India could be a positive move. Need Tesco and others to really get competition up and prices down.

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» opportunity

Posted by JITENDRA RAJPU on 2008-11-16 14:11:00.718257+05:30
tell me opprtunity

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Wal-Mart to open first India centre in 2009

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