Wal-Mart Store Inc will open its first cash-and-carry centre in India in 2009, the head of its India operations announced last week.
Wal-Mart, which has a venture with India's Bharti Enterprises for cash-and-carry wholesale operations, had earlier said it aimed to open the first of its centres by the end of 2008 and open 10-15 centres over seven years.
'Certainly that was the initial plan,' Raj Jain is quoted as saying in flex-news-food.com.
'We still stick with that. It could be faster, it could be slower.'
The first centre will be in northern India, he said.
