Wal-Mart ,which currently has 21 operational stores in India, will also open another 50 stores during the same period. Ltd, a subsidiary of Wal-Mart Stores Inc., signed a memorandum of understanding (MoU) with the government of Telangana on Saturday to set up 10 cash-and-carry stores across the state in the next five years. The company, which currently has 21 operational stores in India, will also open another 50 stores during the same period, said company executives. Rao also mentioned that the state government will soon establish farmer organisations, and hoped that Wal-Mart India can also help small marginal farmers across Telangana. The first and only Wal-Mart cash and carry store was opened in Hyderabad in 2012.

Source: Mint April 29, 2017 14:26 UTC