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Walmart India Pvt. Ltd registers in India
Posted On: 20-01-2014 00:00:00 14

Walmart has registered a new company called ‘Wal-Mart India Private Ltd’ in India as it prepares to enter the country’s multi-brand retail market with a new partner. In October last year Walmart had parted ways with Bharti Enterprises, its partner of 6 years.

In December 2013, Walmart received the green signal from the Competition Commission of India (CCI) to purchase Bharti group’s almost 50 % stake in their Indian joint venture for the wholesale stores business. The joint venture — Bharti Walmart Private Ltd — was initially set up to operate wholesale stores under the Best Price Modern Wholesale brand. It was not catering directly to retail consumers in the country.

Walmart is presently studying the feasibility of India’s FDI policy in multi-brand retail before finalizing plans to enter the segment.

 
 
 

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