Home / Knowledge / News / We view Indian market as one of opportunity - Bharti-Walmart
We view Indian market as one of opportunity - Bharti-Walmart
11
Dec '09
Bharti Enterprises is one of India's leading business groups with interests in telecom, agri-business, financial services, retail and manufacturing. Bharti Airtel, a group company, is one of Asia's leading providers of telecommunications services.

Bharti Retail is a wholly owned subsidiary of Bharti Enterprises. Bharti Retail operates a chain of multiple format stores that offer consumers affordable prices, great quality and wider choice. The company's neighbourhood format stores operate under the "Easyday" brand and the compact hypermarket format under the “Easyday market” brand.

Bharti Walmart is a 50:50 B2B joint venture with Walmart, for wholesale cash and carry and back-end supply chain management operations under the name of 'Best Price Modern Wholesale'. It will also manage backend logistics and provide technical support to Bharti Retail, which will set up multiple-format retail stores that are 100% owned and operated by Bharti.

'Best Price Modern Wholesale' opened its first store in Amritsar in June this year and will offer 6,000 food and non-food items at competitive wholesale prices and will cater to the small stores, fruit and vegetable sellers, restaurants, hotels and other business outlets.

Fibre2fashion spoke exclusively with Ms Arti Singh, Vice President, Bharti-Walmart. We began by asking her to describe the current situation of retail business in India, to which she said, “In accordance with current FDI guidelines, Bharti Wal-Mart is not operating in front-end retail in India.

“However, we view the Indian market as one of opportunity and potential and believe that retail in India is an engine of growth not just in urban India but also in Tier II and Tier III towns offering more job opportunities and helping families to save money so they can live better. India is one of the most exciting countries in the world today and we welcome an opportunity to play a part and contribute to the country's growth momentum.

“As we've studied the Indian market, we've been impressed by what we are constantly learning and given the current growth rates; India has the potential to be one of the largest retail markets in the world within a decade. As very little organized retail exists today (only 4-5 percent of the market share), India is one of the largest organic growth markets in the world. India has a growing middle class and a growing consumer attitude.

"Consumers in India are now beginning to appreciate the modern shopping experience and Walmart believes it can play an important role towards enhancing this experience. A critical learning that the Indian market has validated is the fact that that modern retail and wholesaling and traditional kirana stores will co-exist in this country for years to come.

Must ReadView All

Courtesy: Chanel

Fashion | On 26th Jul 2016

Chanel acquires 4 silk companies to firm up supplies

Continuing its trend to secure access to high-end raw materials,...

Courtesy: Donna Karan

Apparel/Garments | On 26th Jul 2016

G-III Apparel Group to acquire Donna Karan International

Marketer of branded apparel G-III Apparel Group will acquire Donna...

Courtesy: Toonz

Apparel/Garments | On 26th Jul 2016

Toonz Retail eyes Rs 100-cr sales by FY 2018

Toonz Retail, which runs a chain of off line stores in the country...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search