Wal-Mart to open first India cash-and-carry

Wal-Mart Stores Inc is set to open its first cash-and-carry centre in India next week, a spokesman said, just days after the Congress-led coalition won a general election and vowed to carry forward economic reforms.

Wal-Mart Stores Inc is set to open its first cash-and-carry centre in India next week, a spokesman said, just days after the Congress-led coalition won a general election and vowed to carry forward economic reforms.

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Bharti Wal-Mart Pvt Ltd, the joint venture between India's Bharti Enterprises and Wal-Mart, will open its first centre in Amritsar in the northern Punjab state, the spokesman said.
"It will be opened early next week," Arun Mowar, spokesman for Wal-Mart in India, told Reuters.

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