Walmart to open 30 new stores in India

Mumbai Nov 4: Walmart India Pvt. Ltd on Friday has said that It would set up 30 more stores across India in next 3 years. Currently, the company has 21 stores across the country.

Krish Iyer, president and chief executive officer of Walmart India has said that "Walmart is planning to add five to seven stores in the next calendar year even as it begins piloting so-called “dark stores” or fulfillment centers for retailers, stockists and kirana stores buying from it".

"We have signed term sheets, agreements, contracts of 19-20 stores already. These are in various stages of construction" He added.

Earlier the company officials have said that we would invest Rs 900 crore to open 15 new stores in the country.Walmart is a leading global retail gaint in the USA.