Walmart India opens in Karimnagar

Speaking on the occasion, Jayesh Ranjan said the State government simplified the processes of giving permissions and extending all assistance to companies through its new industry policy four years ago.

By Author  |  Published: 13th Mar 2019  4:25 pm

Karimnagar: Walmart India opened its store in Karimangar on Wednesday, the second in Telangana State and the 24th in the country. The retail giant has an outlet in the State capital too.

It is the first B2B (business to business) best price cash and carry store. Principal Secretary, Industries and Commerce, Jayesh Ranjan along with Walmart India president and CEO, Krish Iyer and district collector Sarfaraz Ahmed inaugurated the store at Padmanagar.

Speaking on the occasion, Jayesh Ranjan said the State government simplified the processes of giving permissions and extending all assistance to companies through its new industry policy four years ago.

Walmart came forward to establish 10 stores in the State and entered into a Memorandum of Understanding with the State government. As part of the agreement, two stores have already been set up, and three more will be established in Warangal, Nizamabad and Hyderabad by the end of this year.

Small kirana businesses stand to benefit with Karimangar Walmart since all items will be available under one roof and at cheaper rates. Restaurants and hotels will also benefit from it, Ranjan said.

Stating that Karimnagar was one of the agriculture hot spots in the State with diverse crops, the principal secretary urged the Walmart management to encourage local farmers by purchasing their produce. He also wanted Walmart authorities to encourage local entrepreneurs by providing an opportunity in packing, transportation, billing and other supporting wings.

Appreciating the management for recruiting 22 per cent women and persons with disabilities in the store, he advised authorities to create conducive working atmosphere for them.

Krish Iyer said they would directly source produce from local farmers, work with small and medium agri-commodity suppliers and several small and medium entrepreneurs for their private brands.

When asked about Walmart’s plans to establish food processing units in the district, he said that was not on the cards. Walmart would also give training to farmers in packing agricultural produce such as chillies and other products.

Besides 22 per cent women employees, six disabled persons were also given opportunity to work in the Karimangar store, wherein more than 2,000 local people got direct and indirect employment.

He said the Warangal and Nizamabad stores would come up in the coming three months, and a dock store would be opened in Hyderabad.

If the store gets proper response from the local business community, they would open another store in Karimangar, he said, adding that more than 26,000 people had got membership. He hoped the figure would go up in the near future.

The District Collector said Karimnagar was the fastest growing city outside Hyderabad, and hence, Walmart should open another store in the town.

 

 

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