The wholly-owned subsidiary of Walmart Inc — Walmart India — has launched its first B2B Cash & Carry store in Karimnagar, Telangana. It is the second store in Telangana and the 24th ‘Best Price Modern Wholesale Store’ in India.
“We are excited about opening the first B2B Cash & Carry Store in the city of Karimnagar. This is our second store in Telangana, which reinforces our belief in the ease of doing business under the leadership of Chief Minister K. Chandrashekar Rao.” – Krish Iyer, President & CEO, Walmart India
The store will create job opportunities for more than 2,000 people. “This store also gives us the opportunity to continue to create shared value for our local supplier partners, farmers, members, associates and the community at large. Each of our stores creates an estimated 2,000 direct and indirect jobs and this one too has opened up employment opportunity for local youth in Karimnagar,” he stated.
Spread over 50,000 sq ft, Walmart India is planning to open seven more stores in the state.
“Telangana is an important state for us. We have signed a memorandum of understanding (MoU) with the state government and at least seven new stores are in the pipeline. Besides, the state is an important sourcing destination for us as we source directly from farmers, work with many small and medium agri-commodity suppliers and several SMEs for our private brands.”- Krish Iyer, President & CEO, Walmart India