Mittal, who is also the president of FICCI, pointed out that Bharti Walmart had tied up with 400,000 farmers in China and was procuring $25 billion worth of manufactured goods in that country.
Federation of Indian Chambers of Commerce and Industry (FICCI) was happy with government's proposal to allow 49 percent FDI in multi-brand retailing.
"As an industry it is only at the starting point. It should create an ecosystem and a conducive environment on agriculture, logistics, foodgrain and also manufacturing," Mittal stated.
However, the company informed that India will get 140 retail stores by the end of Dec 2010 as Bharti Walmart planned to start 40 more retail and three cash-and-carry wholesale stores by the end of 2010.