Walmart opens 28th wholesale store in India

Walmart India, the wholly owned subsidiary of Walmart Inc has announced the grand opening of its 28^th Best Price Modern Wholesale Store in the country in the city of Kurnool in Andhra Pradesh. The new Cash & Carry Store simultaneously got integrated with B2B e-commerce platform, making it the 28th `Best Price’ Store to go online.

Krish Iyer, President & CEO, Walmart India said, “As we continue to grow our network of cash & carry stores in the country with a mission to help small businesses prosper, we would like to thank all our members, partners, associates and stakeholders for their overwhelming support & contribution to the success of our business. We continue to strive to better serve our members and explore more opportunities to create shared value as we open our 28^th ‘Best Price’ Store in the country.”

He further adds, “Andhra Pradesh is an important state for us and we have invested in growing our footprint there. This is our fifth store in the state with four other stores located at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam. The state is an important sourcing destination for us as we source a variety of fruits and vegetables directly from farmers, agriculture commodity products from local suppliers and food and non-food items for several private brands.”

The store will cater to the business needs of underserved small businesses such as kiranas / resellers, offices & institutions (O&I) and hotels, restaurants and caterers (HORECA) of the region. According to the company, it will enable Walmart India to offer unique value propositions of a wide range of quality merchandise & local assortment at ‘Every Day Low Prices’, unique shopping options, 24-hour door-step delivery and convenient payment solutions to members in Kurnool and adjoining areas.

Spread over 50,000 sq. ft., the store will significantly contribute to the local and state economy by creating an estimated 2,000 direct and indirect jobs. The store will also boost the smallholder farmers and regional supplier eco-system as it will directly source from farmers and locally relevant food, non-food products from local suppliers to fulfill the needs of its members. Besides, the new store has been integrated with sustainable solutions such as renewable energy, LED lights, water recycling through Sewage Treatment Plant and ground water recharging through collection of storm water and waste management, the company said.