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

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.