Wal-Mart to set up 50 cash and carry stores by 2019.

Wal-Mart India, the wholly owned local subsidiary of Bentonville, US-based firm, will add 50 wholesale outlets in India over the next four to five years, taking the total to 70 by 2019.

Scott Price, president and CEO, Walmart Asia, said the company is committed and excited about its growth plans in India.

'We will continue to focus on cash and carry format as we are very happy with the way it has shaped up in the last few years. The format is also poised to grow in India and we would like to serve the growing customer base,' said Price, adding that its e-commerce platform will be extended to C&C members with a virtual shopping opportunity.

The cash and carry stores serve the bulk buyers like hotels, caterers, traders and other business professionals which are registered with the outlets.

DNA