Walmart To Open 2 Wholesale Stores In Andhra Pradesh, Punjab

"In addition to our existing footprint of 20 cash-and-carry stores, we are on schedule to open the 21st store in Agra shortly this year as we remain steadfast on our plan to open 50 more cash-and-carry stores in the next four to five years," Mr Iyer said.

He added the company has been been able to successfully launch its B2B e-commerce platform in 18 stores and are on track to extend it to the rest in next few months.

"We will continue to invest in supply chain infrastructure and supplier development, especially helping the growth of small and medium manufacturers in India," Mr Iyer said.

In December, Walmart had announced it would open a new cash-and-carry store in Agra, after putting on hold expansions in India for two years as it underwent internal inquiries over alleged corruption practices and uncertainty over foreign direct investment (FDI) policy in the retail sector.

In 2013, the company had called off a six-year partnership with Bharti Enterprises and decided to operate stores independently in India.
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