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Wal-Mart’s First Store In India Set To Open. It Just Won’t Be Called Walmart.

In Business, India on May 15, 2009 at 11:08 am

It has been two years since massive protests greeted Walmart’s entry into India. Next month Wal-Mart will open its first store in Amritsar, India. Except it won’t be called Wal-Mart. It will be called BestPrice Modern Wholesale. Nor will the average Indian be able to walk in to “Save Money. Live Better.” Wal-Mart’s India store will be wholesale only operation providing for hospitals, restaurants, hotels etc.

In India Foreign retailers are only allowed to operate as wholesalers. For now it seems local retailers and mom-and-pops are safe. 10 more stores are planned over the next two years. Time and Indian politics will tell how this will play out.

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