Walmart to set up 10 stores in Telangana

Hyderabad: Global retail major Walmart has signed an MoU with the Telangana Government to set up 10 stores in the state within next five years. The company plans to set up four stores in Hyderabad while the remaining will come up in cities like Karimnagar, Warangal and Nizamabad. It will invest around Rs 800 crore for the proposed 10 stores. At present, Walmart has 21 operational stores in India and has plans to open another 50 stores over the next five years.  “Ten stores in a single state is a big commitment. Four of them will be set up in Hyderabad, while the others will come up in districts of Karimnagar, Nizamabad and other places,” said Krish Iyer, CEO, Walmart India. TNS