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‘Best Price’ Plus Job Creation: Visakhapatnam’s First Walmart Store Creates 2,000 Jobs Locally
Walmart Store (@TDPLive/Twitter)
The first B2B ‘cash and carry’ store in Visakhapatnam has been opened by Walmart India. This will be their 23rd store in the country and fourth in the state of Andhra Pradesh, The New Indian Express has reported.
“We are planning to expand Walmart with seven more stores in Andhra Pradesh which would be opened in Tirupati, Kurnool, Kadapa, Nellore, Kainada, Vizianagaram, and the second store in Visakhapatnam,” Chief Executive Officer (CEO) of Walmart India Krish Iyer outlined Walmarts plans in India.
To avoid the hassles caused by middlemen, it is getting the agricultural supplies directly from local clusters. In order to achieve the aforementioned, the company has allocated a $4 million budget. Seven stores are being planned and four among them are planned to be functional from early next year.
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