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Bentonville, Ark. Wal-Mart Stores Inc. plans to open 10 to 15 large cash-and-carry stores in India in the next seven years, hoping to crack the booming retail market without angering the smaller retailers that dominate the industry, according to the Wall Street Journal.
The company said its wholesale joint venture with India's Bharti Enterprises Ltd. will employ about 5,000 people over that period after opening its first store this year.
The stores will average from 50,000 to 100,000 sq. ft. and offer items ranging from fruit to footwear for sale to retailers, hotels, hospitals and other businesses.