Planet Retail 27 May 2009

Wal-Mart India is now planning to accelerate its expansion plans by opening up to 15 stores in the country within three years, instead of seven as earlier planned. Wal-Mart India President Raj Jain said: "In 2007, we talked about opening up of 10-15 stores in the next seven years. I think we can open 10-15 (stores) over the next three years. Besides realty prices, the company's confidence in doing business in India has improved significantly. Whatever we plan, we can probably accelerate that based on the learning we had over the last eighteen months."

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