IIPM MANAGEMENT INSTITUTE
Putting
an end to the speculations regarding its India entry, Wal Mart has decided to open wholesale stores in India by mid 2008. Also, it will spread out to 75 cities in the next five to seven years. An equal joint venture is expected to be signed by the global retail giant with India’s Bharti group for a cash-and-carry deal (details to be revealed in a few weeks). Bharti Retail, the wholly owned front-end retailing venture of Bharti Group, has plans to splurge $2.5 billion by 2015 for hypermarkets, supermarkets and other stores all over India. This venture would help cut prices of various products considerably – agricultural products by 10-15%, electronic goods by 5-7%, and television sets and refrigerators by up to 25%!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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