Wal-Mart in India

First store in India

New Delhi: Wal-Mart Stores Inc is set to open its first cash-and-carry centre in India next week in a signal of foreign investor confidence in India just days after a reform-minded Congress-led coalition won an election.

The entry of multinational retailers like Wal-Mart into India has been mired in controversy, with moves to open up the sector opposed by the previous government's former leftist allies and small traders fearful of job losses.

Text: Reuters

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