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Walmart to set up store in Vizag

Ch RS Sarma Visakhapatnam | Updated on March 19, 2018 Published on March 19, 2018

Walmart India will open its store at Gajuwaka here later this year. It will be the fourth Walmart Best Price store in Andhra Pradesh.

The store, which sells consumer packaging goods, general merchandise, electronic appliances, fresh fruits, vegetables and dairy products, is now at an advanced stage of construction at Gajuwaka.

“We have acquired roughly four acres near Autonagar on lease and will complete the construction in two months with a built-up area of 56,000 sq ft and parking facility for 150 cars,” Walmart India Chief Corporate Affairs Officer Rajneesh Kumar said here on Monday.

The store, he said, will generate 2,000 direct and indirect jobs. Almost 90 to 95 per cent of the products will be sourced from local farmers and vendors. The firm would sell the Araku Valley Coffee and Girijan Honey made by the Girijan Cooperative Corporation.

Walmart has stores in Vijayawada, Rajahmundry and Guntur in the State.

Rajneesh Kumar said the company was in search of another site for opening a second store in a centrally-located place in the city. “We also have plans to set up wholesale cash and carry stores at Tirupati, Nellore, Kurnool, Nellore, Kadapa and other locations,” he said.

During 2018, Walmart will open five to seven stores across the country.

Published on March 19, 2018

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