Wal-Mart set to enter India

I guess I've been waiting to hear this news from long time.
and here it is "Wal-Mart set to enter India".

Interesting thing is
The fact that foreign retailers can't set up wholly owned subsidiaries here in india raises an important question. Who will Wal-Mart tie up with? An existing retailer or a non-retailer? The company is being courted intensively.

Either way, when Wal-Mart comes in, it will profoundly impact the retail markets of India. The former employee expects the company to open at least 10 stores in its first phase here.

"Anything less than that will not be viable for them," he says.