Walmart Will Infuse Rs 623 Crores In India And Will Expand Operations

About time we heard something from the Walmart camp. After the government change, most knew foreign alliances and investments will become stronger and better in the country. A report that came out in ET suggests that the multinational company has and will infuse 623 crores in India.

This will be used to expand Walmart’s network here. This money which will flow from its parent company will enable the Indian operations to expand extensively and will permit the giant to capture more cities and markets. They are aiming to open more than 50 stores in the coming years across the length and breadth of India.

This type of foreign investment will slowly but steadily be seen in India, after the BJP government took charge. The Indian Prime Minister Narendra Modi is up for growth and good governance, and letting foreign investors come in and expand seems to be a key agenda of the new government.

Next in line to enter India with a bang? Some reports suggest that Ikea will open its first store in Hyderabad. H&M have also applied to have 100% owned stores in India.