Wal-Mart and Bharti to open up retail stores in India

AddThis Feed Button

November 27th, 2006 Leave a comment Visited 28 times, 1 so far today

Wal-Mart and Bharti to open up retail stores in India

India would soon get their own chain of retail stores from Wal-Mart. World’s leading chain of retail stores Wal-Mart has teamed up with Bharti Enterprises Ltd. which is currently the largest private player in the telecom sector in India.

The two companies would together set up hundreds of stores across the country as per information released by Sunil Bharti Mittal, chairperson and CEO of Bharti.

He said: “We have signed a MoU (memorandum of understanding) for a joint venture and a franchise agreement.”

He did not reveal much on the financial details of their agreement but added that the deal will be a partnership of equals.

Mittal added: “Wal-Mart was keen to get into India. I think they have chosen the right partner. It is going to be a large investment … We are going to be a big player in this market.” With this, Bharti is going to take on Reliance heads on as they are also entering into the retail market in India in a big way. Bharti Wal-Mart vs. Reliance Retail would be an interesting battle to watch.





TechWhack on Facebook

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

One Comment

  1. #
    nitin jain
    January 26th, 2009 at 1:31 pm

    we are interested in retail business kindly provide us detail of proceed .

    Reply to this comment

Leave a Comment

Related Posts

Popular Posts

blank