Walmart expects to open first India outlet in 12 to 18 months

New York: Walmart Stores Inc. has said it is capable of opening stores within 12 to 18 months in India, a media report says.

"The company is capable of opening stores within 12 to 18 months, and would be seeking permission to do so from states that have already indicated their willingness to have the US retailer set up shop," Walmart Stores president and CEO for Asia, Scott Price, said in an interview to The 'Wall Street Journal'. "Two years would be a reasonable time frame in total."

Price, however, said the company has not yet decided where or how many stores it would like to have in India. But he said the company expects to continue in retail its current partnership with Bharti Enterprises in a chain of 17 cash and carry stores.

 

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