WAL-MART STARTS CASH AND CARRY OPERATIONS IN INDIA
June 1st, 2009
BY RAGHAVENDRA VERMA
THE LONG wait for Wal-Mart's entry into India is finally over. A joint venture formed by the American retail giant and India's Bharti Group opened its first store at the end of May in the Sikh holy town of Amritsar, Punjab. It will be the first of a chain of 10 to 15 wholesale cash-and-carry stores that the joint venture is planning to launch over the next three years under the brand 'Best Price Modern Wholesale'.
"We have been working closely with local suppliers to develop a sustainable and efficient supply chain", said Raj Jain, ...
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