Walmart to invest Rs900 cr to open 15 stores in Maharashtra | Retail News India
Home » News » Retailers News » Walmart To Invest Rs900 Cr To Open 15 Stores In Maharashtra

Walmart to invest Rs 900 cr to open 15 stores in Maharashtra


READ MORE ON ExpansionGrowth StrategiesRetail News IndiaWalmart

Retail Brands

Image Courtesy:

American retail giant, Walmart, has signed a Memorandum of Understanding (MoU) with the Maharashtra State Government for retail expansion in the state. Under the MoU, the multinational retailer aims to increase its current store count of 2 in Maharashtra (in Aurangabad and Amravati) to 17 in the coming years.

The agreement was signed in the presence of Walmart officials and Maharashtra Chief Minister Devendra Fadnavis. Chief Minister’s Additional Chief Secretary Pravinsingh Pardeshi, Additional Chief Secretary (Industries) Sunil Porwal, Development Commissioner Harshdip Kamble and Krish Iyer, India Head, Walmart also attended the MoU signing ceremony.

Walmart will set up the 15 new stores with an investment of about Rs. 900 crore. These wholesale cash and carry outlets will cater to wholesalers in the state. As the current Government laws restrict 100 per cent Foreign Direct Investment (FDI) in single-brand retail in the country, various foreign brands are operating in the Indian market through the cash and carry format.

Additionally, an official statement issued by the Chief Minister’s Office informs, “The new Walmart stores will be helpful in creating 30,000 direct and indirect jobs in the state.”

With an aim to open around 50 stores in India by the year 2020, Walmart had also recently signed a deal with Telangana Government to set up 10 stores in the state as part of its expansion plans. The retailer has created ‘clusters’ to focus on different parts of the country. For instance, the first cluster (northern) comprises Punjab, Haryana, Uttar Pradesh and Uttarakhand; Andhra Pradesh and Telangana form the second; while, Maharashtra is the third.

Currently, Walmart India operates around 21 Best Price stores across nine Indian states, offering nearly 5,000 different products.


Have some news? Let us know on

Recommended by Apparel Resources

Fashion brand Uniqlo Defers India Entry

Bad news has come for those who have been eagerly waiting for Japan-based fast fashion brand Uniqlo’s India entry. The fashion retailer has...

Spanish fashion brands Springfield, Women’ secret debut in India

Bengaluru has become the first Indian city to house the stores of Spanish fashion brands, Springfield and Women’secret. The former is a youth-oriented...

Border Adjustment Tax: NRF shows concern for small retailers

National Retail Federation (NRF), the world’s largest retail trade association, is concerned over the future of Border Adjustment Tax (BAT) and its impact...

Kids fashion retailer Gymboree to shut 350 stores

Plunging sales and rising competition from online retailers have resulted in yet another fashion chain Gymboree Corporation to close its 350 stores, mainly...

Struggling Fashion Chain Store Twenty One to Shut 122 More Stores

UK-based fashion chain Store Twenty One, owned by Indian textiles company Alok Group, has gone into liquidation. It will shutter its remaining 122...

Plus-size menswear fails to stir the market; womenswear succeeds

A recent report by a retail analytics firm, Edited, highlights the poor growth of plus-size menswear over the last 5 years. The report...

Another 43 Stores to be shut by Sears, Kmart

Unable to with stand the struggling retail market and the emergence of online retailers like Amazon, American department store chain, Sears Holdings Corporation,...

Now True Religion boards bankruptcy protection bandwagon

America’s iconic denim label, True Religion Apparel Inc., has become the latest fashion retailer to have filed for bankruptcy protection. The fashion brand...

Amazon injects US $ 252 million in its Indian arm

Amazon, the US-based ecommerce giant, has made a staggering investment of US $ 252 (approx.) million in its local arm – Amazon Seller...

Yet another US Teen Retailer ‘Papaya’ files for Bankruptcy

Teen apparel retailer Papaya Clothing, owned by Cornerstone Apparel Inc., has become the latest teen fashion retailer to file for bankruptcy protection in...