Bangalore: Walmart Stores has said it is capable of opening stores within 12 to 18 months in India, a media report says.
"Two years would be a reasonable time frame in total," he added.
Price, however, said the company has not yet decided where or how many stores it would like to have in India. But he said the company expects to continue in retail its current partnership with Bharti Enterprises in a chain of 17 cash and carry stores.
Walmart Stores is not in discussions with any other company for a potential retail partnership at present, Price was quoted as saying in the report.
Price told Wall Street Journal that he was confident that the reform would be permanent and said the company is committed to India's long-term future.
Showing resolve for reforms, the government yesterday notified its decision to allow global retail giants like Walmart to open stores in India.
With this notification, multinational retailers can invest upto 51 percent to open stores in 10 states and UTs which, till date, have agreed to implement the decision.