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Walmart India Signs MOU with GOI for expansion in Maharashtra

Mr. Sunil Porwal Additinal Chief Secretary (Industry), Government of Maharashtra and Krish Iyer, President & CEO of Walmart India, signed the MoU in the presence of Maharashtra Chief Minister Devendra Fadnavis - Photo By Sachin Murdeshwar GNSMr. Sunil Porwal Additinal Chief Secretary (Industry), Government of Maharashtra and Krish Iyer, President & CEO of Walmart India, signed the MoU in the presence of Maharashtra Chief Minister Devendra Fadnavis - Photo By Sachin Murdeshwar GNS

Mumbai, 16 July, 2017 (GNS) : The Government of Maharashtra and Wal-Mart India Pvt.Ltd. today signed an Memorandum of Understanding (MoU) to build 15 additional Cash & Carry stores under the brand of Best Price in the State of Maharashtra. Walmart India already has 2 Cash & Carry stores in the State – in Aurangabad and in Amravati.

The new Cash & Carry stores will be set up across different cities, where sites are being currently finalized. The Cash & Carry stores have the potential to augment the local economy in terms of job creation, farmer training, supplier engagement and women’s economic empowerment. With 15 stores in Maharashtra, Walmart India will be creating 30,000 direct and indirect jobs, with each store providing employment opportunity to 2,000 people, directly and indirectly. Mr. Sunil Porwal Additinal Chief Secretary (Industry), Government of Maharashtra and Krish Iyer, President & CEO of Walmart India, signed the MoU in the presence of Maharashtra Chief Minister Devendra Fadnavis. ACS in Chief Minister’s office Mr. Praveen Pardeshi, IAS from the Government of Maharashtra and Rajneesh Kumar, Senior Vice President & Head of Corporate Affairs, Walmart India, were present in this occasion.ENDS