Friday, Apr 19 2024 | Time 20:49 Hrs(IST)
image
Business EconomyPosted at: Sep 22 2018 7:01PM


Walmart opens its 22nd Cash & Carry store in India

Ludhiana, Sep 22(UNI) Expanding its footprints Walmart India, the wholly-owned subsidiary of world’s leading retail company Walmart Inc, on Saturday announced opening of its 22nd B2B Cash & Carry Best Price store in the country and second store here and the sixth in Punjab.

Speaking on the occasion Krish Iyer, President & Chief Executive Officer of Walmart India said this reiterates Walmart India’s commitment to India and as well as the state of Punjab where it plans to further expand its footprints. The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to go online, he added.

The store here will cater to the business needs of underserved small businesses such as kiranas stores and retailers, offices & institutions, hotels, restaurants, caterers and offer unique propositions of a wide range of quality merchandise & local assortment at ‘Every Day Low Prices, unique shopping options, door-step delivery and convenient payment solutions to such businesses and adjoining areas within a radius of 100 km, Mr Iyer said.

To a question, he said the store will significantly contribute to the local and state economy by creating an estimated 2,000 direct and indirect jobs and significantly boost the small/regional supplier eco-system as it will source merchandise from local suppliers to fulfill the needs of its members.

Answering another question, Mr Iyer said “Punjab is a very important and priority growth region for us and we are further expanding our footprint in the State to support small retailers, small farmers and local suppliers here to help make them successful and togrow their business. we will continue to invest in the supply chain infrastructure and supplier development, focusing on the growth of small and medium manufacturers in the State, helping grow our farmer suppliers.”
UNI RKS JS AE 1900
Please log in to get detailed story.
Tags: #Walmart opens its 22nd Cash & Carry store in India
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image