BHARTI ENTERPRISES India's leading business groups with interests in telecom, agribusiness, insurance and retail. Retail.. Bharti Wal-Mart private limited, a joint venture for wholesale cash-and-carry and back-end supply chain management operations in india.
BHARTI ENTERPRISES India's leading business groups with interests in telecom, agribusiness, insurance and retail. Retail.. Bharti Wal-Mart private limited, a joint venture for wholesale cash-and-carry and back-end supply chain management operations in india.
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BHARTI ENTERPRISES India's leading business groups with interests in telecom, agribusiness, insurance and retail. Retail.. Bharti Wal-Mart private limited, a joint venture for wholesale cash-and-carry and back-end supply chain management operations in india.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPS, PDF, TXT or read online from Scribd
allows sale to offices/hotels and retailers who became its members at wholesale prices. BHARTI ENTERPRISES India's leading business groups with interests in telecom, agribusiness, insurance and retail. Bharti Airtel Limited- one of India's leading private sector providers of telecommunications services and was recently ranked amongst the best performing companies in the world in the Business Week IT 100 list 2007. Bharti Teletech- the country's largest manufacturer and exporter of telephone terminals. A joint venture with ELRo Holdings India Ltd. Another joint venture - 'Bharti AXA Life Insurance Company Ltd.' WAL-MART STORES
Operates Wal-Mart discount stores,
Supercenters, Neighborhood Markets and Sam's Club locations in the United States. Operates in Argentina, Brazil, Canada, China, Japan, Mexico, Nicaragua, the United Kingdom etc. The Company's securities are listed on the New York Stock Exchange under the symbol WMT. WHAT IS THE AGREEMENT? Bharti Wal-Mart Private Limited, a joint venture for wholesale cash- and-carry and back-end supply chain management operations in India. Both will hold a 50:50 stake in Bharti Wal-Mart Private Limited. B2B wholesale cash-and-carry joint venture will serve kirana stores, fruit and vegetable resellers, restaurants and other business owners. It also will serve Bharti Retail, which is setting up a chain of stores in India that are 100 percent owned and operated by Bharti. BENEFITS TO SMALL RETAILERS & FARMERS Wholesale cash-and-carry operations provide small retailers and business owners, quality products at competitive wholesale prices that help them enhance their profitability. Link farmers and small manufacturers directly to retailers. Support them who have limited infrastructure and distribution strength. Enable minimum wastage, particularly of fresh fruits and vegetables. By: SUNIL BHARTI MITTAL Chairman & Group CEO Bharti Enterprises
"We are delighted to partner with Wal-Mart for
wholesale cash-and-carry and back-end supply chain management operations in India. This venture promises to bring great value to millions of farmers, artisans, small manufacturers and retailers across India. We are pleased to be a partner in developing this sector which is set to become a significant engine of India's economic growth.“ By: MIKE DUKE Vice Chairman Wal-Mart Stores
"We are delighted that, in Bharti, we have a well-
respected partner who has a deep understanding of the local market. Through our wholesale cash- and-carry joint venture, we will help drive efficiencies across the supply chain and work towards the betterment of India's farmers, small manufacturers and retailers, in line with our global vision of saving people money so they can live better. We would also like to leverage our global scale to transform some of these suppliers into exporters with access to our global markets over time." WHAT ARE THE TARGETS? First wholesale cash-and-carry facility to open by the end of next year. Venture is expected to open 10 to 15 wholesale cash- and-carry facilities and employ approximately 5,000. Typical facility will stand between 50,000 and 100,000 square feet Sell a wide range of fruits & vegetables, groceries, stationery, footwear, clothing, consumer durables and other general merchandise items. DEVELOPMENT OF MODERN RETAILING IN INDIA Creating a strong back-end infrastructure. Bringing in world-class processes and technologies in the area of supply chain, logistics and cold chain. Ultimately benefit the entire retail ecosystem through better quality, and more choice at better prices. SECRETS BEHIND WAL-MART’S SUCCESS In every location where they operate, they are local. They source local products from local suppliers that appeal to local tastes, needs and fashions. Their endeavor is to work with and develop local suppliers and create local beneficiaries along the supply chain. They hope that big and small retailers and businesses will be their customers, take advantage of their efficiencies and derive significant benefits for their businesses.