Bharti Enterprises and Wal-Mart will announce the financial details and plans to roll-out retail stores across India, in February. Bharti’s Chairman Sunil Mittal said, "Complete details, including financial details, about the retail business will be announced next month jointly by Bharti and Wal-Mart".
Mittal added that the company was planning a cluster of outlets, preferably starting in north India and Bangalore. Bharti and Wal-Mart in November formed a joint venture for venturing in the retail market. Although no definite financial details have been given, Mittal said the investments would be in "billions of dollars".
Namnews - Tuesday 9th January 2007
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