Wal-Mart’s world’s largest retail company is preparing to open retail stores in India. There is no clarity on how much Walmart will invest. The company’s interaction with the government is in the final stage and its final draft can be released soon.
Similar is the second largest company in Brazil’s Poultry sector that is negotiating with the government. It is the company’s stake that Future Retail will be in the business of Food Retail by JV. And the offer of this company is also in the final phase.
Here the government has also confirmed the news. Food Processing Secretary Avinash Shrivastava has admitted that Wal-Mart has shown interest in investment. He said Wal-Mart is currently with Bharti. And hopefully Walmart will offer 100 per cent FDI.