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Wal-Mart in New India Push

BusinessWeek - Nov 6, 2009

Its wall-to-wall influence in America may be waning, but Wal-Mart, the world's largest retailer, is pushing its cart harder than ever to find its square inch in India.

S Robson Walton, chairman of Wal-Mart Stores, met Prime Minister Manmohan Singh in New Delhi on Wednesday, in what is seen as an effort by the world's second-largest company to press its demand for permission to invest in multi-brand retail.

The $404-billion Wal-Mart, which has a joint venture with the Bharti group that runs the country's largest telco for cash-and-carry wholesale trade and a franchise agreement for front-end retail, has been lobbying hard with the government for permission to allow foreign direct investment (FDI) in multi-brand retail.

Read Full Article from BusinessWeek

- Posted: 2009-11-06 09:32:29


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