Bharti-Walmart awaiting fresh FDI policy

Bharti-WalmartThe cash-and-carry group Bharti-Walmart is keenly is looking forward policy modifications in the multi-brand retail domain and articulated expects that it might be a large player once the FDI is permitted.  

According to Bharti-Walmart Managing Director and CEO Raj Jain if the rule of the nation modifications they can open hundreds of stores, however this might be doable only if FDI is permitted.

Bharti-Walmart is a 50:50 cash and carry joint venture between Bharti Enterprises and WalMart, handling BestPrice Modern Wholesale stores in North India.

Jain added that extra manpower shall be needed as it plans to roll out more cash-and-carry stores in the nations. By the conclusion of this year, the group shall be recruiting up to 1,100 people.

He further added that as far as cash-and-carry matter is related to so that they can throng open 7-8 more stores although the group had earlier declared that it shall open 15 more new cash-and-carry stores in the nation during the next coming three years.