new delhi walmart stores inc of us about to enter retail marketing in india through a jv with the bharti group has scored a victory of sorts by forcing its indian clone in delhi to undertake before the high court not to open shop using its worldwide registered trade namejust before the jv was announced justice reva khetrapal recorded in an order that the american company is in the process of settling the matter with walmart stores pvt ltd delhimore importantly the hc also recorded that the delhibased clone has undertaken not to open any more stores under the name walmart to which counsel for the indian firm agreedwalmart founded by sam walton opened its shops in arkansas in usa in 1962 and is at present ranked by forbes magazine as the second largest corporation in the world and the largest retailer in the world with sales worth over 300 billion in 2005appearing for the firm counsel pratibha singh and sharad wadhera contended that the multinationals trademark walmart is registered in india and hence its use by the indian clone is nothing but an infringement of the copyright and an attempt to pass off its goods as those marketed by the american company which enjoys high reputation worldwideseeking damages of rs 25 lakh for misuse of the registered trademark counsel said that walmart has approached the indian government for approvals to start operations due to the advantageous economic conditions in india a reason for which various chinese textile suppliers of walmart have relocated their manufacturing bases to indiathe company has procured products worth rs 2300 crore from india and its bangalore office serves as its global procurement hub for sourcing of merchandise from india main products being home ware textiles apparel and fine jewellery the suit stated