HYDERABAD, July 17: Walmart India launched its
third Cash and Carry store “Best Price Modern Wholesale Store”
in Telangana at Nizamabad, a company press release said
Wednesday.
Krish Iyer, President and CEO, Walmart India,
inaugurated the store-26th in India and the retail giant has
plans to open the fourth one in Telangana in Warangal this
year.
Spread over 50,000 sq ft, the store which will
significantly contribute to the local and state economy by
creating an estimated 2,000 direct and indirect jobs, the
release said.
It is also expected to boost the smallholder farmers
and regional supplier eco-system as it will directly source
from farmers and locally relevant food, non-food products from
local suppliers to fulfill the needs of its members, the
release said.
Besides, the new store has been integrated with
sustainable solutions such as renewable energy, LED lights,
water recycling through Sewage Treatment Plant and ground
water recharging through collection of storm water and waste
management, it said.
“We are excited about opening the first B2B Cash &
Carry Store in the City of Nizamabad, making it our 26th store
in India. We continue to expand our footprint in the state of
Telangana with this third store within a span of 4 months of
opening the second store in Karimnagar,” Krish Iyer said. (PTI)
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