Insta
‘Best Price’ Plus Job Creation: Visakhapatnam’s First Walmart Store Creates 2,000 Jobs Locally
Swarajya Staff
Nov 01, 2018, 03:32 PM | Updated 03:32 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
The store is said to have created around 2,000 jobs in a direct and indirect manner and will have services like door-step delivery option, digital payment and is known popularly as a ‘Best Price’ store that integrates products from e-commerce facilities. Walmart India is developing a supply chain that is aimed at boosting the growth of small and medium scale manufacturers in Andhra Pradesh.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.