Updated:  |   |  WWW.INDIANREALTYNEWS.COM

 

« Hard Times for Domestic Retailers in India | Home | Walton St Cap, Starwood Cap to join hands with Shriram Properties »

Wal-Mart India to Meet Its New Challenges

September 25, 2007
5 Votes | Average: 4.4 out of 55 Votes | Average: 4.4 out of 55 Votes | Average: 4.4 out of 55 Votes | Average: 4.4 out of 55 Votes | Average: 4.4 out of 5 (5 votes, average: 4.4 out of 5)
Loading ... Loading ...

The world’s largest retailer Wal-Mart is seeing issues securing property and talent, but the company is confident to open its first cash and carry store in the country by 2008-end.

Recently, Wal-Mart and Bharti Enterprises have signed a 50:50 joint venture agreement that had been awaiting the government’s nod for a long time. With the venture, Wal-Mart announced a foray in India.

Called Bharti Wal-Mart Private Limited, the joint venture is soon to come up with its first store which will sell groceries, consumer appliances, and fruits and vegetables to retailers and small businesses, by 2008-end.

Bharti Wal-Mart will open around 10-15 cash-and-carry facilities over the next seven years.

Another challenge before the venture is to scout for talent and to retain it, given the Indian economy which is showing bullish signs. It already has a team of around 100 employees and is likely to recruit 350-400 more people by 2008-end, excluding store employees.


News Published Under:   Retail Market in India |



Add to Favourite:
:  

Did'nt find what you are looking for? Try this…..

 


Related News:


  • Hard Times for Domestic Retailers in India
  • Godrej all Set to Step into Retail Segment
  • Hyper City Retail to Focus on Big Box and Multi-Channel Format
  • Casino to Roll Out India Entry with Parsvnath
  • Bharti Plans Entry into Real Estate
  • Retail Industry Going Slow on Recruitments
  • Retail Industry Going Slow on Recruitments
  • Construction Cos Vs IT Sector : It’s a Talent Hunt
  •  

    Comments

       

          

                          

    Real Estate News Alerts
    Get Latest Property Updates
     


    Recent Comments
      • swapna: I am looking for a house for rent or sale in Vadap...
      • Suresh: Hi man Chennai Velacherry rate is Rs/8600 per Sqf...
      • ravindran: I hope that Coimbatore will be the next IT destina...
      • B.Anand: Dear Editor, Please update on the Bombay High Cou...
      • Vivek: It is height of foolishness comparing Dhanbad with...
      • Mahesh: Its cost step and initiation from Red Fort cap. Ge...
    Property Prices