Walmart to invest Rs 900 cr in Maharashtra

Maharashtra got one of its largest investments in the retail sector with American multinational retailer Walmart inking a Memorandum of Understanding (MoU) with the state government for setting up 15 stores. The retailing corporation is expected to invest Rs 900 crore in the state to generate around 30,000 direct and indirect jobs.

Chief Minister Devendra Fadnavis was present at the inking of the MoU between the state industries department and Walmart India Pvt Ltd on Wednesday.

“These stores will be set up in the wholesale cash-and-carry format at 15 locations. Walmart already has two pilot stores in Aurangabad and Amravati,” said Development Commissioner (Industries) Dr Harshadeep Kamble. 

“It will take a year or two for these stores to be operationalised,” added Kamble, adding that the State government would grant single-window clearances for this investment.