For fresh fruit and vegetable marketing and distribution in Asia

By Matthew Jones

Thursday 3rd October 2013, 1:24 GMT

Bharti partnership under review

Indian retailer awaiting commitment from US giant before investing further in partnership

he future of Indian cash and carry Bharti and Walmart currently operate 19 “We’ve made no announcements and don’t T chain Bharti Walmart will be Best Price Modern Wholesale stores around comment on rumours or speculation,” a decided this month, according to India, under a 50:50 joint venture which Walmart spokesman told the Journal. The Wall Street Journal. began in 2007. Walmart also manages Bharti’s retail chain Easy Day. “Walmart is optimistic about growing our chairman Best Price Wholesale cash-and-carry confirmed the Indian company was In September 2012 the US firm announced business in India, as well as future retail reviewing its relationship with US retail its intentions to open its first independent investment opportunities that can be made giant Walmart, following rumours the outlet in India by 2014, following efforts to possible through a clear and predictable multinational was looking to open the market up to direct foreign FDI (foreign direct investment) policy.” downsize its operations in the sub investment. continent. However, these plans were put on hold in “Within October, I would say, Walmart July this year, when the retailer said it was should have taken a decision of their vision unlikely to apply for its first store licence for India, and Bharti could have taken a before 2015. decision whether it matches our aspirations,” Mittal told the Journal. Despite delaying its expansion plans, Walmart insists it remains committed to the Indian market.

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