The US discount chain has teamed up with Bharti Enterprises, parent of India's biggest mobile firm Bharti Airtel, in a wholesale joint venture to be called Best Price Modern Wholesale. Each store would have a size of 50,000-1,00,000 square feet.
The first outlet is set to open in Punjab. Raj Jain, the Chief Executive of Wal-Mart India said, "India is first of all a country with close to 1.2 billion people and a strongly growing economy which is driven by personal consumption. "There's a need to start out on a learning curve with the Indian consumer and this is the first significant step in that direction," he added.
Raj Jain, managing director and CEO of Bharti Wal-Mart and Rajan Bharti Mittal, vice chairman and managing director, Bharti Enterprises would inaugurate the first cash-and-carry wholesale store.