Wal-Mart’s Great Indian Adventure

From Business Week: “Eight months after U.S. retailer Wal-Mart Stores (WMT) announced plans to enter the booming $350 billion Indian retail market, it has finally signed an agreement with its joint venture partner Bharti Enterprises in New Delhi. Together, they will set up 15 wholesale cash-and-carry stores over the next seven years. Focusing on the wholesale segment is Wal-Mart’s best immediate option, given that India restricts direct foreign investment in consumer retailing for the most part. So, this is something of a back-door move by Wal-Mart in India, and it could be a smart one if India’s retailing sector is eventually opened up to foreign competition.” Wal-Mart’s Great Indian Adventure

This entry was posted in Emerging Trends, New Ideas, News & Info. Bookmark the permalink.

Comments are closed.