Finally Wal-Mart,which is  world's largest retailer, is set to open its first wholesale or cash-and-carry store in India next week and has chosen Amritsar as the location to kick-start the venture, as per news.

The US-based giant has also decided to call its cash-and-carry venture BestPrice Modern Wholesale to offer retailers bargains that would eventually benefit end consumers, the officials added.

Wal-Mart, which has a venture with India's Bharti Enterprises for cash-and-carry wholesale operations, had earlier said it aimed to open the first of its centres by year-end and open 10-15 centres over seven years.

Earlier, Wal-Mart had faced tough opposition in India from small traders and the Left parties. The debacle of the Left parties in the latest elections is expected to make the company's entry smoother, the report said