Wal-Mart defers India cash-and-carry launch

Source: Reuters

NEW DELHI, May 25 (Reuters) - Wal-Mart Stores Inc (WMT.N) has defered the launch of its first cash-and-carry store in India, after riots in the northern Punjab state following an attack on a Sikh temple in the Austrian capital Vienna on Sunday.

Punjab, where the first store was scheduled to open on Tuesday, is a predominantly Sikh state.

An official at Bharti Wal-Mart, the joint venture of the American retailer and India's Bharti Enterprises, said she could not say when the launch would now happen.

(snip)

The Bharti Wal-Mart centre, named Best Price Modern Wholesale, will be the first of between 10 and 15 planned wholesale facilities in India, measuring about 50,000-100,000 sq ft each, and employing about 5,000 people over the next seven years.



Read more: http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSDEL49670520090525

http://walmartstores.com/FactsNews/NewsRoom/8948.aspx

90% of the goods will be sourced locally....to bad they won`t do that in the usa.

I thought India didn't allow chain stores.

.......they're frakkin' criminals!! They also have kindly allowed the Communist Party's National Union to represent their Chinese employees. They're the ultimate greed machine in the USA and Senators Lincoln and Nelson are a couple of enablers.

:shrug: