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Bharti Enterprises yet to finalise partnership deal

20
Nov '06
Speculation was widespread that partnership deal between Bharti Enterprises Ltd and Wal-Mart Stores Inc has been finalised, leaving UK's Tesco Plc barehanded.

According to reliable sources Bharti group had not yet signed deal with Wal-Mart. Bharti Airtel Ltd, one of India's largest mobile service providers, is controlled by Bharti group.

Although talks are going on with both the companies, it is still unclear that when the deal will be finalised.

According to industry expert deal will be finalized with the company which can deliver the better value and a cultural fit between the two.

Indian retail industry which is currently about $300 billion is expected to grow to $427 billion in 2010 and $637 billion in 2015.


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