Walmart has adopted a cautious strategy to build scale in India, focusing on the North initially. Raj Jain, president of Walmart India, explains
What is the vision for international operations?
In the 70s and 80s, there was a general feeling that retailing does not travel well outside of the home country. Today, international is close to 25 percent of our total revenue. We believe it will be much more significant going forward.
(This story appears in the 23 October, 2009 issue of Forbes India. To visit our Archives, click here.)