Daily News & Analysis reports that US retail giant is reportedly stepping up efforts to gain entry to the Indian retail market. Raj Jain president (emerging markets, excluding China and Japan) is currently in India to hire senior managers for its India operations. The company is also looking for a legal head and operations head for its India operations.
Arvind Singhal of Technopak said that although Wal-Mart is keen to enter the market soon, the process would take at least 15 months since its business policy was not clear. Wal-Mart is reportedly looking for an Indian partner to set up its business here, and its wholesale model of operations, Sam’s Club is one of the likely access routes to enter the market.
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