Walmart has decided to open 15 cash-and-carry stores in Andhra Pradesh in the next five years, stated by President and CEO of Walmart India Krishna Iyer during a meeting with Chief Minister N Chandrababu Naidu in Hyderabad.
The company currently had three stores in Andhra Pradesh – in Vijayawada, Guntur and Rajahmundry.
Iyer said the Walmart’s plan is to have wholesale stores in every district. He added that Walmart is also keen on investing in social and rural entrepreneurship through Corporate Social Responsibility (CSR).
1. Walmart is an American multinational retail corporation that operates a chain of discount department stores and warehouse stores.
2. It is headquartered in Bentonville, Arkansas (USA) the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It has over 11,000 stores in 27 countries, under a total 71 different brands.
3. The company operates under the Walmart name in the US and Puerto Rico. It operates in Mexico as “Walmart de México y Centroamérica”, in the United Kingdom as “Asda”, in Japan as “Seiyu”, and in India as “Best Price”. It has wholly owned operations in Argentina, Brazil, and Canada