<p> Wal-Mart is revitalizing its plans to expand its operations in India with 40 to 50 more wholesale centers over the next four to five years, along with the launch of an ecommerce outlet in the region. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> The retailer continues to remain optimistic regarding its growth in India, despite some difficulties with regulations on foreign investment and the end of its partnership with New Delhi-based Bharti Enterprises, according to Chicago Tribune. The Wall Street Journal reports that Indian regulations require foreign retailers to get at least 30% of their products and services from local businesses. Such regulations put a hold on Wal-Mart’s plans to open its own retail stores in the country. Since December, the company named a new India head and reinforced its plans to open wholesale stores and build its supply chain instead. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> “We are quite committed to the Indian market and the ability to grow through that format,” said Scott Price, Chief Executive of Wal-Mart’s Asia division. “We are taking a number of important steps to strengthen compliance so that we do the right thing every day. We are evaluating and reinforcing procedures and programs relating to all compliance areas, including licensing and permits, food safety, and responsible sourcing among others.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> Regarding its plans to establish ecommerce in the country, one company executive in India said that the online business would be started on a wholesale basis and goods will be sold to traders on a “very small” scale, according to Chicago Tribune. India prohibits foreign retailers from selling goods online directly to consumers. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> While Wal-Mart is unable to open its retail stores in the region as originally planned, the wholesale format allows the company to supply smaller stores and circumvent these restrictive Indian regulations. How might these plans change when India’s national elections finish in May? Will the new government overturn these regulations? </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p> Stay tuned to AndNowUKnow as we continue following Wal-Mart’s expansion in India.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://stock.walmart.com" target="_new"> Wal-Mart </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
