Don’t mind selling only Made-in-India products, says Walmart India CEO

Arkansas-based Walmart Stores Inc, world's biggest retailer in terms of sales, is ready to do business in India by opening brick and mortar outlets and selling products online if the government allows overseas supermarkets that directly sold Made-in-India products.

"We are okay with selling only 'Make in India' products because even in our cash-and-carry stores, imported items make up for only 5% of our total products," Krish Iyer, Walmart India CEO, told ET.

Also read: Walmart Extends B2B Online Wholesale Platform In Andhra Pradesh

Iyer added since more than 95% products are locally sourced, they are already partnering with the government in making Make-in-India initiative a success.

As reported earlier, the government of India has allowed 100% foreign direct investment in food ecommerce, and would also open the avenues for grocery retailing industry if they sold goods sourced and produced locally.

Walmart, which plans to open 50 new stores in India in the coming years, operates 21 such stores as of now.

(Image source: Walmart News Now)