Ludhiana, September, 2018: Walmart India, the wholly-owned subsidiary of Walmart Inc, today announced the opening of its 22nd B2B Cash & Carry store in the country, making it the second Best Price Modern wholesale store in the city of Ludhiana and the sixth in the State of Punjab. This reiterates Walmart India’s commitment to the State of Punjab where it plans to further expand its footprint. The new store simultaneously got integrated with the B2B e-commerce platform, making it the 22nd Best Price store to go online.
With the objective of enabling small businesses to prosper, the Store in Ludhiana located on Khewat/Khatauni, No 180/193 & 318/347, Village Mundia Khurd, Near Fortis Hospital, Chandigarh Road, will cater to the business needs of underserved small businesses such as kiranas/resellers, offices & institutions (O&I) and hotels, restaurants and caterers (HORECA). It will enable Walmart India to offer unique propositions of a wide range of quality merchandise & local assortment at ‘Every Day Low Prices’, unique shopping options, door-step delivery and convenient payment solutions to such business members in Ludhiana and adjoining areas within a radius of 100 km.
The Store will significantly contribute to the local and state economy by creating an estimated 2,000 direct and indirect jobs. It will significantly boost the small/regional supplier eco-system as it will source merchandise from local suppliers to fulfill the needs of its members.
Environment friendly practices like renewable energy, LED lights, water recycling through Sewage Treatment Plant and ground water recharging through collection of storm water and waste management practices have been incorporated. Electric vehicles would be used for the first time. These would be used for local deliveries and can cover up to 35 KM.
Announcing the Store launch, Krish Iyer, President & CEO, Walmart India said, “I am very excited about opening the 22nd Cash & Carry store in India. It reiterates our commitment to India and our growth plans. Setting up a second store in Ludhiana and sixth one in the state of Punjab reinforces our belief in the ease of doing business here in Punjab under the leadership of Hon’ble Chief Minister Shri Amarinder Singhji.
We are very excited with the progress. We have been delighting over one million members across the country since we opened the first store in Amritsar in 2009. As we open our second store in Ludhiana, we are excited at the opportunity of continuing to create shared value for partners, associates, members, suppliers, small farmers and the community at large and open up our mission to more members and help them save money to live better. Our Best Price Store will help our kirana/reseller members and other business members to efficiently manage their inventory and lower their operational costs.
Punjab is a very important and priority growth region for us and we are further expanding our footprint in the State to support kiranas, small farmers and local suppliers here to help make them successful. While growing the business, we will continue to invest in the supply chain infrastructure and supplier development, focusing on the growth of small and medium manufacturers in the State, helping grow our farmer suppliers, setting new benchmarks in the cash and carry business and creating thousands of local jobs.
Each of our Store creates an estimated 2,000 direct and indirect jobs. I am also happy that we are simultaneously extended the B2B e-commerce platform to our members. We are very delighted with the progress of our B2B Cash & Carry business in India and are committed to grow our business the right way.”
Best Price Modern Wholesale Store stocks over 5000 items, including a wide range of fresh, frozen & chilled foods, fruits and vegetables, dry groceries, personal and home care items, hotel and restaurant supplies, apparel, office supplies, electronic goods, and other general merchandise items.
Punjab is an important sourcing destination for Walmart India. The company sources food items such as fresh vegetables, agri-commodities, staples, meat, and beverages and non-food items including plastic-ware, glassware, décor items, brooms, mattresses, among others.
The company works with several small and medium enterprises in Punjab to manufacture and supply Private Label products under the umbrella of Walmart’s own private brands, “Right Buy” and “Member’s Mark”. Private Brand products provide the members with a unique opportunity to increase their profits.