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World’s largest retailers, Walmart Stores Inc and Amazon, are going to invest more than Rs 2,000 crore to build their networks and gain a share of the Indian retail market which is expected to cross $1 trillion by 2020.
Amazon will be investing Rs 1,696 crore via a rights issue into Amazon Seller Services, which will be the biggest infusion of capital since entering the country three years ago.
While, according to an RoC filing, Walmart Stores will be investing Rs 360 crore.
It is planning to open nearly 50 doors in India at a time when it plans to shut around 270 stores stores globally.
