Bharti Wal-Mart looks at south, west to open stores
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Last Updated: Monday, October 12, 2009, 21:17
  
Bangalore: Bharti Wal-Mart, a joint venture between Bharti Enterprises and US retail major Wal-Mart, is looking at opening its outlets in southern and western parts of the country, a top company official said on Monday.

The company is planning to open its wholesale cash-n-carry stores in the two region.

"After north, the discussion is really south or west. We believe southern markets are much more growth oriented," Bharti Enterprises Vice-Chairman and Managing Director Rajan Bharti Mittal told reporters here.

The JV had opened the first cash-and-carry outlet in Amritsar in May this year and had announced plans to have up to 15 such outlets across the country in the next 5-6 years.

Its another store in Punjab is expected to come up by December this year, company officials said.

Mittal said ecosystem in the south is far better than the north. "Hopefully, south will see some action from us. We have to be a pan-India company".

"....we are already looking at real estate pieces here in southern and western parts. It (opening stores) depends on how real estate plays its game," Mittal said.

Bureau Report


First Published: Monday, October 12, 2009, 21:17


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