US retail giant Walmart today said Scott Price has been renamed President and Chief Executive Officer of Walmart Asia with immediate effect, six months after he was promoted to take up an international role.
Walmart is getting ready to divorce its partner Bharti enterprises and go solo in the cash and carry segment, a big departure from its earlier plans.
The Walmart Asia's President and CEO Scott Price's meeting with DIPP officials today made it clear that they want the retail giant to invest in India before the general elections get announced.
Asia-CEO of Walmart, Scott Price met Department of Industrial Policy and Promotion (DIPP) Secretary Saurabh Chandra and sources indicate Walmart is finalising its proposal to invest in India.
Finance minister P Chidambaram will leave for a four-day visit to the United States on Monday to woo investments for India. He will be meeting the US Treasury Secretary and other industrialists there.
US retail giant WalMart on Wednesday said its India unit head Raj Jain has left the company and named Ramnik Narsey as interim head of the country's operations.
Companies like Walmart have been waiting to get into the Indian market and this gives them access to the organised sector in India.
Companies like Walmart have been waiting to get into the Indian market and FDI in retail gives them access to the organised sector in India. Scott Price, the CEO of Walmart Asia tells CNBC-TV18 about the company's plan for the Indian markets.
With the centre's nod for FDI in multi brand retail, retail giant Walmart is getting ready to roll out its stores in India. Walmart Asia President and CEO, Scott Price today said that the company will rework its joint venture with Bharti shortly and plans to apply to the DIPP for clearance over the next few weeks.