20 new sites for new stores have been signed by Walmart India. These stores will start opening from next year.

The company, which runs 21 Best Price wholesale stores in nine states, has already started work in some of the new projects.

“As we speak, we have signed nearly 20 sites as well and we are well on our way to be on meeting the commitment and targets which we have,” Walmart India President and CEO Krish Iyer told PTI on the sidelines of the CII retail summit.

“We have some ground breaking and we would start seeing new stores from the next year.”, said Krish Iyer when asked about the time-frame for opening the new stores.

By 2022, Walmart has plans to add 50 new stores to take the total store count to 70.

Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offering close to 5,000 items through its cash and carry wholesale format.