Bharti Wal-Mart JV to start ops in 2009

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Bharti Wal-Mart JV to start ops in 2009

Post  moupaliray on Sun Aug 17, 2008 8:41 pm

CHANDIGARH: Bharti Wal-Mart, a joint venture between Bharti Enterprises and US-based retail giant Wal-Mart stores, today said it will commence its wholesale cash and carry operations by early next year from the northern region.

"We will be starting our operations from from the first quarter of calendar 2009," Bharti Wal-Mart CEO and Managing Director Raj Jain said.

Bharti Wal-Mart has set up a distribution centre of 1 lakh square feet in Banaur near Chandigarh for facilitating its operations.

At a conference organised by industry body CII, Bharti Wal-Mart CEO and Managing Director Raj Jain said over 80% of the goods including perishable items would be sourced locally to cater to small business enterprises.

Jain said, under the venture, efforts would also be made to facilitate credit to small stores from banks to run their operations.

Wholesale cash-and-carry operations would provide small retailers and business owners a wide range of products at the wholesale prices. This would help them to enhance their businesses and profitability, Bharti-Walmart said.

It would also, fruit and vegetable resellers, restaurants and other business owners, the company added.

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