As India’s tight regulation regarding foreign investment in the retail sector may ease in the near future, Wal-Mart wants to open 50 wholesale stores in India over the next four years. The world’s largest retailer (by sales) sees huge opportunities in the States of Uttar Pradesh (with a population of 204 million, more than Brazil and Russia) and also in Uttarakhand. Wal-Mart wants to open 25 wholesale stores in both Northern regions where competitors Metro AG and Reliance are very limited,...
WAL-MART TURNS TO EXPANSION IN INDIA
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