We need 45 permits to open a Best Price store: Walmart CEO to PM Modi

World's largest retailer Walmart's CEO Doug McMillon, in a letter to PM Narendra Modi, said that "high number of overlapping permits" is a challenge in India's retail sector. "On average, we currently need more than 45 permits and three years to open a new Best Price store," McMillon said. Walmart India operates 27 Best Price wholesale stores across 9 states.