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Coming Soon: 10 Walmart Stores in Telangana!
By: Tupaki Desk | 30 April 2017 4:08 AM GMT
As many as 10 cash and carry wholesale stores of Global retail chain Walmart will be established in Telangana soon. About four of them will be coming up in state's capital Hyderabad alone. Other stores will be set up in Warangal, Karimnagar and Nizamabad. An MoU in this regard has been signed by Telangana Government and Walmart's India CEO Krish Iyer Today.
Investment on each Walmart store is going be $10 to 12 million. Each store will create job opportunities for around 2,000 people and spread across close to 50,000 sq ft.
In the next 7 years, Walmart have plans to have 71 of its retail stores in India. It is mainly focusing on AP and Telangana down South, Uttar Pradesh, Haryana and Punjab in the North and Maharashtra.
Minister KTR informed that Telangana Government will be introducing a Retail Policy which guarantee fast-track clearances and lucrative incentives.
Investment on each Walmart store is going be $10 to 12 million. Each store will create job opportunities for around 2,000 people and spread across close to 50,000 sq ft.
In the next 7 years, Walmart have plans to have 71 of its retail stores in India. It is mainly focusing on AP and Telangana down South, Uttar Pradesh, Haryana and Punjab in the North and Maharashtra.
Minister KTR informed that Telangana Government will be introducing a Retail Policy which guarantee fast-track clearances and lucrative incentives.
