English | دری

Walmart hopes to open stores in India in two years

in International Business

Walmart hopes to open stores in India in two years

US biggest retail Walmart plans to open its first stores in India within two years. The location and number of stores are not announced yet.

This news comes a week after the Indian government decided to open up the retail sector to global economy, in a bid to revive the sluggish economy.

The government’s decision resulted in a series of protests among Indian citizens, as they fear the plan would harm small businesses in India.

Under the government’s proposal, global firms – such as Walmart and Tesco – will be able to buy up to a 51% stake in multi-brand retailers in India.

Multinational retailers already have outlets in India, but at present they can sell only to smaller retailers. This decision allows them to sell directly to Indian consumers.


Tags assigned to this article:
India retailWalmart in INdia

Related Articles

Yahoo’s quarterly revenue rises under its new leadership

Yahoo has reported a nearly 2% increase in the fourth quarter revenues compared with the same quarter figures last year.

Lagarde says China must reform economy and yuan

International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports

China Property Prices Rise amid Rate Cuts

Policy easing, including two interest rate cuts in the months of June and July, in a bid to catalyze economic

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.