Walmart CEO sanguine about its business in India

Global supermarket chain Walmart

Despite political hue and cry over its entry into the Indian market,Walmart Chief Executive Officer Mike Duke today sounded optimistic about its future in India.

Duke said that he believed that in India the scene will become congenial.”I am confident that (India) is a country that has such an opportunity to help both the farmers, those that are producing products for consumers all the way through the supply chain to the consumer,”he said at a Council on Foreign Relations event organised in New York yesterday on ‘The Responsibility to Lead’.

Duke was ansering a question on how India figures in the international priority markets for Walmart given the fact that this country had signalled a mixed response to opening of its retail sector.

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