Walmart to Invest `900 Crore in Maharashtra, Signs MoU With State Govt
Chief Minister Devendra Fadnavis and top officials of Walmart signed an MoU for opening Walmart’s Cash & Carry stores in 15 locations in the state. The move is likely to generate around 30,000 direct and indirect jobs with an investment of around `900 crore by the retailing corporation. The Additional Chief Secretary of Industries department, Sunil Porwal said that these Cash & Carry stores will cater to wholesalers, retailers and hotels. They already have two stores in Aurangabad and Amravati respectively, and want to expand to other cities.
A MoU has been signed to set up stations at Mumbai, Pune, Thane, Solapur, Nagpur and other places. Each stores would be spread across 50,000 sq feet and will provide employment to nearly 50,000 people. They will also source fresh vegetables, fresh fruits and grocery items. The stores would require a year or two to become operational.