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Walmart Will Invest Rs900 crore to open 15 outlets in Maharashtra

Walmart plans to invest Rs 900 Crore to set up 15 more stores in Maharashtra.
BY BEx Bureau
BusinessEx
Jul 13, 2017

An official statement released by Mumbais CM office which highlights that Walmart, US retail chain is planning to invest Rs 900 crore with an aim to open up 15 cash and carry wholesale retail stores in Maharashtra. This investment will help to provide more than 30,000 jobs also.

The statement also reveals that MOU document has been signed between Walmart and state Industry department under the supervision of CM Devendra Fadnavis.

Walmart has created its presence in nine states all over India and in Maharashtra there are only two stores in Aurangabad and Amravati but the company wants to expand its network so the company agrees to MOU.

The company is in process of building its own supply chain for procurement of goods in the state. The company has already decided some of the locations for opening up of stores and these are Nagpur, Pune, Nashik and Bhiwandi.

The company major plan to open up 49 more such stores all over India.

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