Walmart plans to accelerate its roll-out of wholesale stores in India. Walmart India chief Raj Jain said the retailer plans to open 10 to 12 wholesale centres in India over the next two to three years, bringing forward an earlier target of five years.
The move comes as real estate prices have become more attractive and Walmart gains confidence in operating in the country. Food price inflation and the need for food security should spur the Indian government to open the sector to foreign direct investment, Jain added.
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