Focusing on few geographies in India is key: Walmart India's Krish Iyer

Our entry into or growth now in cash-and-carry is a strategic move, and it is not because 100% FDI is not there in retail: Iyer

Krish Iyer, the president and chief executive officer (CEO) of Walmart India, tells Ritwik Sharma where the retail major stands after a decade of operations in India: Edited excerpts:

How does a recent initiative such as the women entrepreneurship programme tie in with Walmart’s business strategy?

For Wal-Mart, creating a condition of shared value is a part of our strategy. It means that while we do things for the society it is also strategically important for the business. And that initiative is also eventually going to generate profits and grow our business. So when we talk of women entrepreneurship development, it is