Global retailer Wal-Mart sets up new company in India


A probe, ordered by the Indian government in December 2012, into lobbying activities undertaken by Walmart to enter Indian retail market remained inconclusive.NEW DELHI: Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner.

The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year long partnership.

The retailer has registered a new company called ‘Wal-Mart India Private Ltd’ in the country, according to the data available with the Ministry of Corporate Affairs.

According to the information, the new entity was registered on January 15, 2014. Read more

Source: http://economictimes.indiatimes.com/

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Categorised in: Retail, Sector News

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