Walmart India, the wholly-owned subsidiary of Walmart Inc., launched its 28th Best Price Modern Wholesale Store in the country in the city of Kurnool in Andhra Pradesh. The new Cash & Carry Store simultaneously got integrated with the B2B e-commerce platform, making it the 28th `Best Price’ Store to go online, the company said in a statement.
“As we continue to grow our network of cash & carry stores in the country with a mission to help small businesses prosper, we would like to thank all our members, partners, associates and stakeholders for their overwhelming support & contribution to the success of our business. We continue to strive to better serve our members and explore more opportunities to create shared value as we open our 28th ‘Best Price’ Store in the country,” said Krish Iyer, President & CEO of Walmart India.
According to Iyer, Andhra Pradesh is an important state for Walmart India and the company has invested in growing its footprint there. “This is our fifth store in the state with four other stores located at Rajamahendravaram, Guntur, Vijayawada, and Visakhapatnam. The state is an important sourcing destination for us as we source a variety of fruits and vegetables directly from farmers, agriculture commodity products from local suppliers and food and non-food items for several private brands,” he said.
The store will cater to the business needs of underserved small businesses such as kiranas / resellers, offices & institutions and hotels, restaurants and caterers of the region.
Spread over 50,000 sq. ft., the store will significantly contribute to the local and state economy by creating an estimated 2,000 direct and indirect jobs, the company said.
The store will also boost the smallholder farmers and regional supplier eco-system as it will directly source from farmers and locally relevant food, non-food products from local suppliers to fulfill the needs of its members.