Bharti Walmart, the Indian branch of the US retail giant, is reportedly finalizing discussions with Century Real Estate to establish its first cash & carry store in Bangalore.
Walmart and the US government have expressed concerns to the Indian government regarding state veto power over FDI in retail. This power creates uncertainty for foreign investors like Walmart, who are hesitant to enter the Indian market due to varying regulations across states.
Multinational retailers like Walmart, Carrefour, and Tesco may soon be allowed to open stores in India under strict investment norms and sourcing conditions.