Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 02 2018

Walmart India plans to invest $500 million for opening 47 more stores by 2022

Walmart India is planning to invest around $500 million to launch another 47 stores by 2022.

In a bid to strengthen its presence in India, Walmart India is planning to invest around $500 million to launch another 47 stores by 2022 to take the total number of outlets to 70. 

Krish Iyer, President and CEO Walmart India, said, "Out of the 23 B2B Cash and Carry stores, 19 have achieved break even with over a million members."

The global retail giant has recently unveiled its 23rd wholesale store in Visakhapatnam. It is now in the process of setting up a second store in Visakhapatnam and discussions are underway for land. 

"A typical store needs anywhere between USD 9 to USD 10 million in terms of investment. We are planning to take the total number of stores to 70 by 2022. That is the plan and we will also have e-commerce space in all the stores.  So you can do the math. Yes, it needs USD 500 million," Iyer added.

Walmart India, a wholly owned subsidiary of Walmart Inc, is further looking to increase fulfilment centres across the country. 

Comment
Related opportunities
  • Preschools
    About Us: Early childhood education or pre-schooling has emerged as a..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Gyms and Fitness Centres
    About Us: An F2O Future of Fitness workout is equivalent to..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Coffee Shop Franchise Opportunities in India – Why BrewBakes? About Us: Over..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Furniture for Household Bed, Modular Kitchen
    About Us: Ramu Industries under the brand name ‘SIRAVI’ is a..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities