Bharti, Wal-Mart see support for retail
Bharti Enterprises and Wal-Mart are confident that their Indian joint venture is supported in the country.
By TNN |
NEW YORK: Despite protests from small traders, Bharti Enterprises and Wal-Mart are confident that their Indian joint venture is supported in the country. "I think it’s a big change for India, the move from mom-and-pop to organised retail," Raj Jain, head of Wal-Mart’s India operations, said in an interview on Monday.
"I think most people understand that it is a necessary evolution which has to go through for everybody to benefit from and for the economy. Bharti chairman Sunil Bharti Mittal said the next generation’s perspective was not reflected in protests against change by mom-and-pop, or family-owned, stores."
"I think most people understand that it is a necessary evolution which has to go through for everybody to benefit from and for the economy. Bharti chairman Sunil Bharti Mittal said the next generation’s perspective was not reflected in protests against change by mom-and-pop, or family-owned, stores."
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