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Wal-Mart wishes to open 'hundreds of stores' in India

The world’s largest corporation and retailing giant, Wal-Mart will open “hundreds of news stores” if the government of India allows foreign companies to invest in the sector. The firm, under its 50:50 joint venture with Bharti Enterprises, has just two stores currently and will expand very slowly if the government does not allow foreign companies to address the retail customer. Under the current arrangement, Bharti-Wal-Mart owns and operates only wholesale or ‘cash and carry’ stores which are open only to traders and not to ordinary customers. Well, it’s now wait and watch situation for signage companies engaging in retail sector. Once the Wal-Mart’s proposal is settled, it’s new delight for in-store signage players and other associated with them.

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