Wal-Mart to make India a major sourcing hub: report
NEW YORK |
NEW YORK (Reuters) - Wal-Mart Stores Inc (WMT.N) is looking to make India a more important sourcing hub, the retailer's chief executive of its Asian operations said, according to the Wall Street Journal.
The world's largest retailer wants to export products worth "hundreds of millions of dollars" from India, Scott Price said, although he didn't provide any specific export targets.
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Comments (6)
axiom321 wrote:
Now Wall Mart will sell Made In India because the situation in China is coming to an end. China can’t keep the Yuan undervalued any longer so the smart guys at Wall Mart are looking for the next source of slaves…sorry! “cheap labor”.
blahhhhhh wrote:
Better India than China. At least india and the US have better relations. China is just too arrogant.
Fleetfox wrote:
I think they meant OUT sourcing hub lawl
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