Bhopal: Leading retail chain Bharti Walmart on Wednesday opened its second wholesale store in Bhopal, making the Madhya Pradesh capital the only city in the country where the group has set up two stores, its top official said.
"Encouraged by the huge response that we have got in Bhopal after setting our first store, the company has decided to open second wholesale store in Bhopal, thus making the state capital the only city in the country, where two such stores exist," Bharti Walmart COO Arvind Mehndiratta told reporters after inaugurating the store.
The cost of setting up one such store is Rs 35 crore and the company has already established three wholesale units in the state, including one at Indore.
The company has opened 20 stores in the country and is planning to open another four wholesale outlets in the current financial year, including in Jabalpur in Madhya Pradesh, he said.
Welcoming the Centre's decision to permit FDI in retail, Mehndiratta said that it will further strengthen the retail business in the country as the traders will get quality products for their shops under one roof on actual rates and not have to depend on number of wholesalers for their requirements.
First Published: Wednesday, October 31, 2012, 19:27