Wal-Mart has Open-Ended Approach to Expansion in India

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Wal-Mart has Open-Ended Approach to Expansion in India

July 10, 2009: 03:56 AM

Wal-Mart has deep pockets for its expansion in India, says the chief executive of its international division, Doug McMillon. The only constraints are the India team’s ability to carry out the expansion project and the availability of real estate. A pool of $4.8 billion to $5.3 billion is available, McMillon said. Wal-Mart values its relationships with local partners, and scales up when “the society and the customer was ready”. He also said that opening the sector up to foreign direct investment (FDI) would accelerate Wal-Mart’s progress.

Sanjeev Choudhary & Chaitali Chakravarty, "Unlimited funds on tap for Wal-Mart India_07-10-09 ", The Economic Times, July 10, 2009, © Bennett Coleman & Co. Ltd. Google Cache

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