Wal-Mart enters India with Bharti


India’s booming retail market, estimated at more than $200 billion, is currently dominated by more than 12 million local corner shops. Large super stores remain a rarity, but soon India will witness big store displaying the Wal-Mart brand. The U.S. retail giant has tied up with India’s Bharti Enterprises to set up hundreds of stores across the country. Good news for Indian retail sector and as well as India’s booming middle class populations.

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In keeping with its strategy of partnering global companies for business forays, Bharti Enterprises today said it had initialled an agreement with Wal-Mart Stores, Inc for a retail venture on a wholesale cash-and-carry basis.

�It is a partnership of equals (50:50). Big investments are in the pipeline,� Bharti Enterprises Chairman Sunil Mittal said on the sidelines of the India Economic Summit here. While Wal-Mart will provide backend logistics support involving sourcing, Bharti will handle the front-end retail aspect by setting up �several hundred� stores across India, the first of which is scheduled to open next year.

There will be an initial investment of over $100 million, a figure that will grow manifold in the future.

 

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Men blog more in India: Report


Indian blogosphere got good news: Recently published report says India’s blogosphere is driven by youth and a passion for self-improvement and entertainment with 42 pre cent of online users reading blogs to stay informed about world events. So one day I hope India will be a blogging superpower.

 

India�s blogosphere is driven by youth and a passion for self-improvement and entertainment with 42 pre cent of online users reading blogs to stay informed about world events; 49 per cent citing entertainment as the main reason they read blogs, and blogs written by business leaders ranking as the most interesting, states an MSN and Windows Live report titled Blogging India, which was released today.

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