Wal-Mart Ramps Up Sourcing From India
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Wal-Mart is looking to export products worth "hundreds of millions of dollars" from India as the world's largest retailer wants to make the country a major sourcing hub, the chief executive of its Asian operations said. India is an important country for the retailer--for sourcing materials due to cost advantages and because of the growth potential it offers when the markets in the developed world, including at home, are saturated. Only a small portion of India's retail market is organized at present, leaving huge space for expansion.