World's largest retailer, Walmart, which has entered India, in collaboration with Bharti, said on Wednesday that it will accelerate its growth process.

The growth, it talks about, will be organic in nature as the retailer pushes for more wholesale stores to be opened in India.

This is important step forward as Walmart has shown its frustration towards the restrictive policies in India.

Talking to media, Raj Jain, Head of India, Bharti Walmart said that the firm was aiming to open 10-12 outlets in the next two to three years.

This is much higher than the past plans where it had put the time-limit as five years. The change has happened because of the fast paced growth in retail segment.

He also said that the food security for all, which the government is aiming at, will allow more stores to be opened up. This means that higher foreign direct investment (FDI) will come into retail.

And to be able to keep pace with this, the company needs to be proactive from now on itself.

Moreover, Jain added that the real estate rentals have fallen and that is an added benefit. The rates have fallen by as much as 30-40 per cent.