Expansion happened too fast… which led to overcapacity’ It might sound odd and a bit funny too, but a big hurdle that WalMart faces in India is the awkward shape of buildings constructed by developers. Prohibitive real estate prices in the big cities too have forced the world’s largest multi-brand retail company to open all its cash and carry stores in smaller cities.
Doug McMillon, President and CEO, Walmart International said that the company was keen to invest billions of dollars in India, but it will have to wait till the government allows foreign direct investment in multi-brand retail.
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