Wal-Mart Interested in India
Chief Executive of Wal-Mart Lee Scott has expressed interest in investing in India, stating “[India] is such an exciting country with a growing middle class” to the Financial Times. Though India has specific rules on foreign investment, the world’s largest retailer is still interested, and said they would continue outsourcing goods from suppliers in Central America and Bangladesh. The chain also wants to expand throughout central and eastern Europe.
