Its finally official after months of speculation. Bharti has finally shortlisted its JV partnership with Wal-Mart. Although it was Tesco in the lead, finally differences had set them apart and Wal-Mart had taken over as the best fit option. Carrefour was also suppousedly to be in talks.
Wal-Marts interests and excitement in the Indian Retail Landscape is no secret. This is one company openly lobbying with the government for couple of years now and had recently been granted permission to setup its office here for doing the necessary groundwork before anything can open up.
Although Bharti has been a little tight lipped on the details of the roll out strategy, for the moment its only known that an initial infusion of about US$100 will be made to start with and will officially roll out by the middle of next year (August 2007)
The JV partnership will be the same model as with Tata and Woolworth for its consumer durable foray with the Croma stores. Will this be the strategy for all the others to come is something to be seen. How Tesco chooses to enter India is another thing to watch out for.
This is definitely a major setback for Tesco which should have been on the verge of entering India. Tesco will now have to see a suitable JV partner or decide to go solo with a Cash and Carry route like how Germany's Metro has set shop for sometime now.
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Dear Sir/Mam,
Very Good Day To You
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Comments
Hello sir/Madam
I am ASHWANI BATRA . I Want to make my carreer in retail industry. I am intrested to join Bharti Walmart but i don't have any cantact detail to join this or submit my resume. plz help me to join this company.I really would be thankful to you.
Thanks & Regards
ASHWANI BATRA
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Dear sir,madam
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Posted by: paramjeet singh | Sunday, 27 September 2009 at 10:35 AM
Hello sir/Madam
I am ASHWANI BATRA and i am pursuing Retail Management from IIJT. I Want to make my carreer in retail industry. I am intrested to join Bharti Walmart but i don't have any cantact detail to join this or submit my resume. plz help me to join this company.I really would be thankful to you.
Thanks & Regards
ASHWANI BATRA
Posted by: ASHWANI BATRA | Sunday, 27 September 2009 at 10:27 AM
dear sir,
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with regards
falcon bags
Posted by: ashmeet kapoor | Tuesday, 02 June 2009 at 04:17 PM
Hello sir/Madam
I am sonu and i am pursuing Retail Management from IIJT. I Want to make my carreer in retail industry. I am intrested to join Bharti Walmart but i don't have any cantact detail to join this or submit my resume. plz help me to join this company.I really would be thankful to you.
Thanks & Regards
Sonu
Ph:- 9871373766
Posted by: Sonu | Friday, 20 February 2009 at 06:42 PM
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