- This Best Price Store in the city of Vizag is the first store in AP since Walmart India became fully owned subsidiary of Walmart Store Inc;
- Inaugurated by Nara Lokesh, Minister for Panchayat Raj, Rural Development, Information Technology & Communications, Goverrnment Andhra Pradesh, Vizag store overall is the 4th Best Price Store in AP and 23rd Store in the country.
- Kiranas / resellers, hotels, restaurants, caterers, offices, institutions and small businesses in and around Vizag to benefit from a wide assortment of quality merchandise at competitive prices, under one roof;
- New Vizag store brings almost 2,000 direct indirect jobs to the city; Store to contribute to local and state economy through job creation and boosting SME supplier eco-system and supporting local farmers;
- Store to run on renewable energy, LED lighting and recycled water; waste management and water harvesting too
- B2B e-commerce platform simultaneously launched, making it the 23rd Best Price Modern Wholesale store to go online
Visakhapatnam, November 7, 2018 : Walmart India, the wholly-owned subsidiary of Walmart Inc., announced the opening of its first B2B Cash & Carry store, “Best Price Modern wholesale Store” in the city of Vizag, making it the fourth in the State of Andhra Pradesh and 23rd in the country. Nara Lokesh, Minister for Panchayat Raj, Rural Development, Information Technology & Communications, Government of Andhra Pradesh graced the occasion as the Chief Guest to launch the store. This Vizag store is the first store in the State since Walmart India became fully owned subsidiary of Walmart Store Inc.
This reiterates Walmart India’s commitment to the State of Andhra Pradesh where it plans to further expand its footprint and continue to contribute to the State economy. The new store simultaneously got integrated with the B2B e-commerce platform.
With the objective of enabling small businesses to prosper, the Store in Vizag (located at Survey No -89/1, 89/2, 89/5,89/6, 89/8,89/17,near Autonagar Arch, Vadlapudi (V), Gajuwaka (M), opposite to SRMT Srinagar Junction), will cater to the business needs of under-served 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’, convenient payment solutions and door-step delivery to such business members in Vizag and adjoining areas.
The store will significantly contribute to the local and State economy by creating an estimated 2,000 direct and indirect jobs. It will boost the small/regional supplier eco-system as it will source merchandise from local suppliers and farmers to fulfill the needs of its members.
Environment friendly practices like using energy efficient solutions, renewable energy, water recycling and ground water recharging through collection of storm water and waste management practices have been incorporated.
Announcing the opening of the first store in Vizag, Krish Iyer, President & CEO, Walmart India said, “We are highly excited about opening the first B2B Cash & Carry Store in the city of Vizag in the midst of festival season. This is our fourth store in the state of Andhra Pradesh, which reinforces our belief in the ease of doing business under the leadership of Hon’ble Chief Minister Shri N Chandrababu Naidu. This Store also gives us the opportunity to continue to create shared value for our supplier partners, farmers, members, associates and the community at large. Each of our Store creates an estimated 2,000 direct and indirect jobs and this one too has opened up employment opportunity in Vizag.
With our mission of enabling small businesses prosper, we will help our kirana/reseller members and other business members to efficiently manage their inventory, lower their operational costs and pass on the savings to their customers. While growing the business, we will continue to invest in the supply chain and supplier development, focusing on the growth of small and medium manufacturers in the State, developing local clusters to source directly from farmers and setting new benchmarks in the cash and carry business. I am also happy that we are simultaneously extending the B2B e-commerce platform to our members here which will make it convenient for them to shop without stepping out of their stores.
Andhra Pradesh is a priority State for us. We have signed an MoU with the State Government and at least seven new stores are in the pipeline. Besides, the State of Andhra Pradesh is an important sourcing destination for us as we source directly from farmers, work with many small and medium agri commodity suppliers and several SMEs for our Private Brands. Through a recent grant of USD 4 million, we have been working towards improving market access for smallholder farmers of Andhra Pradesh with the aim to benefit thousands of fruits & vegetable farmers by developing the value chain, providing access to training and more productive plant varieties, making them market savvy, connecting them with markets and thereby increasing incomes.”
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.
