Wal-Mart seeks US govt help for getting into Indian retail mkt

Written by Press Trust of India | Washington | Updated: Jun 1 2010, 02:08am hrs
The worlds largest retailer, Wal-Mart, has solicited support from the US government for entering the multi-billion dollar Indian retail market, where foreign investment norms are posing hurdles to its entry. Wal-Mart Stores, one of the worlds top revenue grossers with over $400 billion of total annual sales and present in 15 countries, is lobbying with lawmakers to help it expand into India.