Tata group are in advance talks with Walmart is likely to take 49% stake in its cash and carry business in India.if this happens Walmart which runs business to business ( B2B)wholesale business in India under the best modern advanced wholesale brand,will be able to leverage the Tata group and expand organized in wholesale market.
this will help Tata group to grow its retail expansion plans
Judith Mckenna,president of Walmart International who was in new delhi earlier this month along with Walmart executives was decided to announce but deal blw two parties was not finalised.
Cryus mistry ,chairman of Tata sons recently said that "the partnership will bring in funds for Walmart India and it will be enable the Tata group to bring domestic cash and carry business .
Walmart currently operates 28 Best Price stores across the country and owns a majority stake in banglore headquartered Flipkart Group, which runs online marketplaces Flipkart and Myntra. Reports says that Tata group had held discussions with Walmart to an alliance, including the possibility of a joint venture.
Other than Walmart, the domestic organised wholesale market is currently dominated by Reliance and new entrants, such as Thailand-based Lots Wholesale Solutions. The government allows 100% FDI in the wholesale cash-and-carry business, where players do not sell directly to consumers but to businesses, including ,offices and hotels. Walmart he cash and carry business in India in 2007 in a joint venture with Bharti Enterprises. Both companies called off the joint venture in 2013.
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