After the announcement of the acquisition of the commerce company Flipkart, Walmart plans to open new stores in India. The company said today that it will continue to grow its wholesale cash and carry business and will open 50 new stores in the next four-five years. Walmart India president and CEO Krish Aiyar said in a media meeting to inform about the Flipkart deal, "Currently we have 21 stores and our plan is to open 50 stores in 4 to 5 years."
Iyer said, "As we said we have 20 stores and 5 more stores are expected to be opened in the current financial year, we have an effort to increase it to 12-15 stores annually. Walmart is operating in 9 states in 9 states. Krish said that we are not going to reduce it. We will continue to focus in these areas but we will initially pay attention to Punjab, Haryana, Uttar Pradesh, Uttarakhand, Maharashtra, Andhra Pradesh and Telangana
Iyer said, "As we said we have 20 stores and 5 more stores are expected to be opened in the current financial year, we have an effort to increase it to 12-15 stores annually. Walmart is operating in 9 states in 9 states. Krish said that we are not going to reduce it. We will continue to focus in these areas but we will initially pay attention to Punjab, Haryana, Uttar Pradesh, Uttarakhand, Maharashtra, Andhra Pradesh and Telangana
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