American retail chain Walmart plans to open 15 outlets in Maharashtra with a Rs 900-crore investment, hoping to generate around 30,000 direct and indirect jobs in the state, PTI reported on Thursday.
The Maharashtra government signed a memorandum of understanding with Walmart on Wednesday. The stores will cater to wholesalers alone.
“Walmart will open 15 additional modern wholesale cash and carry stores in the coming years by investing Rs 900 crore,” read an official statement from the Chief Minister’s Office.
Currently, the retail giant has two outlets in Indian – in Maharashtra’s Aurangabad and Amravati. Walmart India runs 21 Best Price Modern Wholesale stores across nine states, and plans to open 49 more outlets by 2020.