David Cheesewright, President & CEO Walmart International
- Classifies his maiden India visit as an extremely productive outing
- Inaugurates the B2B e-commerce platform for Best Price Modern Wholesale store in Agra, marking the 16th store to go online
- Visits markets in Hyderabad and Agra to interact with kirana member partners
- Has high level meetings with Chief Ministers of Andhra Pradesh and Telangana states to discuss future plans
- Commits investment in key areas like Sourcing, Farmer Training, Education & Women Economic Empowerment
New Delhi, 24 April 2015: Walmart India, wholly owned subsidiary of Walmart Stores Inc., is all set to grow aggressively in the next five years with its Cash and Carry and the B2B e-commerce businesses across the country. This was reiterated by Mr. David Cheesewright, President & CEO of Walmart International during his first visit to India from 22-24th April. During the visit,Mr. Cheesewright emphasized Walmart’s commitment to the Indian market and gave his strong support to the India business, which is delivering huge benefits to the Kirana (reseller) partners, small businesses, small and medium suppliers, farmers and local communities.
During his three-day visit, Mr. Cheesewright visited Best Price Modern Wholesale stores in Hyderabad and Agra and interacted with employees and several other stakeholders such as farmers and Kirana store members. He met Kirana members in Hyderabad and also launched the B2B e-commerce service in Agra, making it the 16th store to go online, by delivering the first online order to one of Best Price store’s Kirana members in Agra.
In Agra, he along with Krish Iyer, Walmart India President & CEO, also visited the upcoming new store to see the progress. Walmart India’s 21st Cash and Carry store is all set to be opened in Agra by August-September this year, marking the second Best Price store in the city.
During his visit to Hyderabad, Mr. Cheesewright called on the honourable Chief Minister of Andhra Pradesh, Mr. Chandrababu Naidu and the honourable Chief Minister of Telangana, Mr. K. Chandrasekhar Rao. During these meetings, he emphasized Walmart’s commitment to the Indian market, discussed Walmart India’s growth plans in the two states and commitment to local sourcing. Mr. Cheeseright informed both the Chief Ministers about Walmart’s efforts in sourcing, farmer training and women economic empowerment.
Speaking about vision for India, Mr David Cheesewright, President & CEO, Walmart International, said, “India is an important market for us, and Walmart is committed to this country and the market for the long-term. I am delighted to be here and excited about our growth plans. I believe that Walmart is integral to “Make in India” through the benefits we are delivering in India. We are
pleased with our established and successful Cash and Carry business in India, which is focussed on serving India’s Kiranas and other small businesses. We are committed to partnering in India’s economic growth by enabling the right ecosystem for B2B e-commerce through investments in people, technology and supply chain. The Agra B2B e-commerce launch is a step towards the same. Walmart India has partnered with small businesses to enable them to modernize and improve their profits through Best Price stores that offer a range of quality products, transparently priced, in a clean environment that offers one-stop shopping convenience. We want to grow our business in India the right way with integrity as the foundation of everything we do."
E-commerce remains to be a major driver of growth for Walmart’s Cash and Carry business in India and is an area where the company is well positioned to succeed. The e-commerce platform caters to members of Best Price Modern Wholesale Stores only. In less than a year since the launch of the B2B e-commerce platform in Lucknow and Hyderabad Best Price stores, the e-commerce platform is now available in all 16 stores across India. Members can shop online at www.bestprice.in by logging in, navigating, choosing, booking and purchasing the products online without the need to physically visit the stores.
Krish Iyer, President & CEO, Walmart India said, “We are highly encouraged by Mr Cheesewright's visit to India. This visit reinforces Walmart's commitment to India as we remain steadfast on our belief in the potential of the market and continue to provide high quality merchandise to our members at everyday low prices so they can save money and live better.”
About Walmart India:
Wal-Mart India Private Limited is a wholly owned subsidiary of Walmart Stores Inc., the world’s leading retailer renowned for its efficiency and expertise in logistics, supply chain management and sourcing. Walmart India owns and operates 20 Best Price Modern Wholesale stores in 9 States across India. The first store opened in Amritsar in May 2009. The company plans to open 50 more stores by 2020.
The Best Price stores offer best prices with unmatched convenience, choice, quality and hygiene. The mission of Best Price is ``Enabling businesses to prosper…every single member”. To enter and purchase from Best Price stores, it is mandatory to become a member. Members can belong to different business categories such as Resellers (‘Kirana Stores’); Offices and Institutions (O&I); and Hotels, Restaurants and Caterers (HoReCa). The assortment, service and store layout are customized to the specific needs of members who can walk into a Best Price store and source high quality products in quantities they need and at the time they require.
For more information, please contact:
Sunita Patnaik | Walmart India