Walmart to sign 3 pacts with Telangana to expand presence

American retail giant Walmart will soon sign three pacts with the Telangana government to expand its footprint in the state.

Chief Executive of Walmart Latin America Enrique Ostale met Telangana Panchayat Raj and IT Minister K T Rama Rao here, a state government release said, adding that the company was planning to open more stores in Hyderabad.

Under one of the MoUs to be signed, Walmart will encourage the women in the state to open kirana (grocery) stores. The second MoU would be about the state-run horticulture corporation supplying fruits and vegetables to the company, while the third one would be about maintenance of 'Krishi Marts' set up by the state government.

These MoUs are expected to be signed by the end of this month, the release added.

Meanwhile, Norway's Ambassador to India Nils Ragnar Kamsvag also met Rama Rao today and discussed possibilities for cooperation, it was stated.