Home Retail Wal-Mart and Bharti may sign JV agreement in 15 days

    Wal-Mart and Bharti may sign JV agreement in 15 days

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    , entering the cash-and-carry business in India in a joint venture with , will sign an agreement to this effect. A MOU was earlier signed between the parties. and Bharti seem to be unfazed by the political opposition in the country.

    According to sources, the proposal will be placed before Wal-Mart’s global board of directors shortly. The details of the agreement between Wal-Mart and Bharti will be made public within a fortnight after finalisation. The company plans to roll out its first stores in the latter half of 2008.