Walmart India has signed 20 new sites for new stores and will start opening them from the next year, a top company official said on Friday.
The company, which runs 21 Best Price wholesale stores in nine states, has already started work in some of the new projects, report agencies.
“As we speak, we have signed nearly 20 sites as well and we are well on our way to be on meeting the commitment and targets which we have,” Walmart India President and CEO Krish Iyer told PTI on the sidelines of the CII retail summit.
Asked about the timeframe for opening the new stores, he said: “We have some ground breaking and we would start seeing new stores from the next year.”
He did not let out more. Walmart has plans to add 50 new stores by 2022 to take the total store count to 70.