Wal-Mart layout India invests 500 million US dollars to open 47 stores

On November 6th, it was reported that Wal-Mart India will invest 500 million US dollars and open 47 stores in India by 2022.

Krish Iyer, CEO of Walmart India: “We plan to have a total of 70 stores by 2022. This is our plan and we will have E-Commerce space in all stores. .”

This is Wal-Mart’s second bet on the Indian market. As early as May of this year, Wal-Mart spent $16 billion to acquire Amazon’s largest competitor in India, Flipkart, a local online retailer.