Wal-Mart opens Indian outlet – India

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The world’s largest retailer, Wal-Mart, and local partner Bharti Group have opened their first wholesale outlet in India.

The outlet is in the city of Amritsar in the northern state of Punjab, and Wal-Mart said it plans to open up to 14 other such outlets over the next three years. The ‘Best Price Modern Wholesale’ outlet will sell around 6,000 items, with up to 90% of the products being sourced locally.

Bharti Wal-Mart said it has signed up 30,000 clients for its wholesale business and will buy goods from 800 local suppliers. Wal-Mart and other foreign companies, barred from opening their own retail shops or buying stakes in Indian stores, are starting wholesale outlets in Asia’s third-largest economy. Local laws, aimed at protecting small shops, let global companies operate only wholesale stores that sell groceries and other goods to retailers, restaurants and other businesses.


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