Bharti group to enter retailing in a big way

Bharti group to enter retailing in a big way

Bharti Group is the India’s largest private sector telecom company. Sunil Mittal owned Bharti Group now is planning to enter the retail sector in a big way with investments worth around Rs 6000 crores.

Bharti is expected to collaborate with Tesco for this venture and the talks are currently at preliminary stage. As per incoming reports, Tesco may pick 49% in venture. They are already the world’s largest grocery retailer and a Fortune 500 company.

Internal sources at the company claim that Bharti had set up an internal team to finalize the rollout and the company would enter this segment with the conventional model of setting up a chain of supermarkets, hypermarkets, and convenience stores.

Bharti Group said in a statement: “The Company has interest in the horticulture arena and is exploring opportunity in food retail. For now, we are evaluating various options.” Bharti has already entered into the insurance market in collaboration with AXA Asia Pacific Holdings in August last year.