Wal-Mart to step up rollout in India
Raj Jain, chief of Indian operations for Arkansas-based Wal-Mart said the company will accelerate its rollout of wholesale stores in India over two to three years, adding that the firm at present expects to open 10-12 wholesale centres.
Wal-Mart at present runs wholesale operations in India in an equal partnership with Bharti Enterprises.
Jain spoke about the restricted access for the delay and challenges in the process of expansion plans of the retail giant in the country.
"The few bottle neck for this industry is that there is legislation, which I think does not allow foreign retailers to make any investments in India. The government is thinking about," said Jain.