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Wal-Mart India to Meet Its New Challenges
| September 25, 2007 |   (6 votes, average: 4.5 out of 5) 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 |
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