Wal-Mart, Bharti to go ahead with 8 joint stores

Bharti Enterprises and Wal-Mart Stores Inc. will be rolling out 8 joint stores across India. The two have decided that the first store formats would be cash-and-carry.

By INDIATIMES NEWS NETWORK | Aug 06, 2007, 12.04 PM IST

MUMBAI: Bharti Enterprises and Wal-Mart Stores Inc. will be rolling out 8 joint stores across India. The two have decided that the first store formats would be cash-and-carry.

The two will make a joint announcement later in the day on Monday about detailed plans related to the venture. The announcement will be made by Bharti Retail Ltd. Head Rajan Mittal.

Earlier this year, Bharti and Wal-Mart agreed to form a joint venture for cash-and-carry stores and back-end operations in India.

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