Walmart India, the wholly-owned subsidiary of Walmart Inc, has launched its first B2B Cash & Carry store in Karimnagar, Telangana. This is the second store in the state of Telangana and the 24th "Best Price Modern Wholesale Store" in India.
Krish Iyer, President & CEO, Walmart India, said, "We are excited about opening the first B2B Cash & Carry Store in the city of Karimnagar. This is our second store in the state of Telangana, which reinforces our belief in the ease of doing business under the leadership of Hon’ble Chief Minister Shri K. Chandrashekar Rao."
Spread over 50,000 sq ft, the store is expected to contribute to the local and the state economy by creating an estimated 2,000 direct and indirect job.
"This store also gives us the opportunity to continue to create shared value for our local supplier partners, farmers, members, associates and the community at large. Each of our Stores creates an estimated 2,000 direct and indirect jobs and this one too has opened up employment opportunity for local youth in Karimnagar," Iyer stated.
He added, "Telangana is an important State for us. We have signed an MoU with the State Government and at least seven new stores are in the pipeline. Besides, the State is an important sourcing destination for us as we source directly from farmers, work with many small and medium agri-commodity suppliers and several SMEs for our Private Brands."