-Cristen

NEW DELHI: After long deliberations, Bharti Enterprises and Wal-Mart Stores Inc. on Monday announced a 50:50 joint venture to form Bharti Wal-Mart Private Limited for their wholesale cash-and-carry and back-end supply chain management operations in India.
Through the new venture, the company would serve neighbourhood kirana stores, fruit and vegetable resellers, restaurants and caterers and other business owners, besides catering to the needs of other retailers including Bharti Retail, which would be soon be opening its stores in India.
According to Raj Jain, Country President for Wal-Mart’s operations in India: “One of the key reasons for Wal-Mart’s international success is the fact that in every location where we operate, we are local. We source local products from local suppliers that appeal to local tastes, needs and fashions. As a wholesale cash-and-carry business, our endeavour is to work with and develop local suppliers and create local beneficiaries along the supply chain.
Giving details about their business-to-business (B2B) model, Mr. Mittal said the new company would source products from small farmers, artisans and small manufacturers and help them find market for their products.
Over the next five to seven years, the venture is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000. A typical facility will stand between 50,000 and one-lakh sq. ft. and sell a wide range of fruits and vegetables, groceries and staples, stationery, footwear, clothing, consumer durables and other general merchandise items.

Something maybe to think about as a point to get across while teaching? And as a side note Walmart sells grocery bags, never seen one but they say they’re there!