Amazon, Walmart to invest over ₹2k cr in India
Retail giants Amazon and Walmart Stores are planning to invest over ₹2,000 crore in the Indian retail market. While Amazon has invested ₹1,696 crore in its Indian e-commerce arm Amazon Seller Services, Walmart will invest ₹360 crore to open around 50 stores in India. Eyeing expansion in India, Walmart plans to open 70 new stores in the next five years.