Walmart to open new cash and carry store in Agra after 2-year gap

After a gap of two years, global giant Walmart sharpens its India focus as it is now going open a new cash and carry store in Agra.
Walmart to open new cash and carry store in Agra after 2-year gap

New Delhi: After a gap of two years, global giant Walmart sharpens its India focus as it is now going open a new cash and carry store in Agra.

The retail major had opened last store almost years back in Bhopal. Walmar has reportedly said that in absence of any clarity on foreign direct investment (FDI) in multi-brand retail trade, it is now focussing on cash-and-carry business in India. 

"Walmart is committed to India and we are focused on our growth plans... We have recently received all internal approvals for opening a new store in Agra, our second one in the city," PTI quoted company's spokesperson in its report.

The spokesperson further informed that it is now working to get all the required licenses and permits.

The company remained tight lipped on the quantum of investment they have planned for expansion.

The US based company, at present, operates 20 cash and carry stores, under the label Best Price, across 9 states.

Walmart is operating business-to-business platform in four cities - Lucknow, Hyderabad, Guntur and Vijayawada. The firm also aims to expand its B2B e-commerce initiative in all stores by 2015.

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