Though its $16-billion Flipkart acquisition forced the world’s largest retailer Walmart to cut its 2019 earnings forecast, it is unlikely to impact the company’s India investment plans, its India chief executive Krish Iyer said.
Walmart India will continue to set up 50 more B2B Cash & Carry stores over the next four-five years, with each store involving around $10m of investment, taking the total to $500 million. “Cash & Carry business in India has a big potential. Over the next...