Walmart And Bharti Jv

Walmart said it will invest $10 to $12 million in each store, which would create direct and indirect employment for 2,000 people.

America's multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report.

India's retail market is driven by millions of standalone stores. India's retail market has been strengthened by Indian retail chains. So why do we assume that Wal-Mart will make a huge difference to India's retail market?" he told a TV channel in an interview.

Citing restrictive foreign investment rules, the world's biggest retailer scrapped a partnership last week with Indian telecom heavyweight Bharti Enterprises and suspended plans to open supermarkets which could have tapped a potential market of 1.2 billion shoppers.

Walmart should take a decision on its Indian retail plans in October and Bharti will accordingly decide if those plans match its overall retail ambitions, Sunil Bharti Mittal, chairman of Bharti Enterprises said on the sidelines of the India-Africa Business Council Meeting in Johannesburg.

Walmart said it will invest $10 to $12 million in each store, which would create direct and indirect employment for 2,000 people.

America's multinational retail corporation Wal-Mart is suspected to have paid bribes worth millions of dollars in India, according to a media report.

India's retail market is driven by millions of standalone stores. India's retail market has been strengthened by Indian retail chains. So why do we assume that Wal-Mart will make a huge difference to India's retail market?" he told a TV channel in an interview.

Citing restrictive foreign investment rules, the world's biggest retailer scrapped a partnership last week with Indian telecom heavyweight Bharti Enterprises and suspended plans to open supermarkets which could have tapped a potential market of 1.2 billion shoppers.

Walmart should take a decision on its Indian retail plans in October and Bharti will accordingly decide if those plans match its overall retail ambitions, Sunil Bharti Mittal, chairman of Bharti Enterprises said on the sidelines of the India-Africa Business Council Meeting in Johannesburg.