"As we speak, we have signed nearly 20 sites as well and we are well on our way to be on meeting the commitment and targets which we have," Walmart India President and CEO Krish Iyer told PTI on the sidelines of the CII retail summit.
Asked about the timeframe for opening the new stores, he said: "We have some ground breaking and we would start seeing new stores from the next year."
He did not let out more.
Walmart has plans to add 50 new stores by 2022 to take the total store count to 70.
A company official said: "Out of these 50 stores, 5-7 new stores will become operational next year."
Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offering close to 5,000 items through its cash and carry wholesale format.
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