The company believes the new government's decision to not revoke multi-brand retail policy is a positive. It will now be focusing on its wholesale business for now.
US retail giant Walmart is looking beyond multi-brand retail in India and is and hopes to grow at 25-30 percent.
The company runs 20 cash-and-carry (wholesale) stores in the country and plans to take this upto 70 in 2020.
The company believes the new government's decision to not revoke multi-brand retail policy is a positive and will be aiming on the wholesale business for now.
Furthermore, buoyed by the potential of e-commerce in India and the success of its digital pilot, the company aims to launch two new e-commerce stores by Oct 1. The company says it is about three months ahead of its e-commerce rollout target.
The company launched its online wholesale platform offering its service in Hyderabad and Lucknow .
Currently the company is engaged in cash-and-carry business in India. Last year the company called off its six-year partnership with Bharti Enterprises.
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