Bharti Wal-Mart Private Ltd, the joint venture between Bharti Enterprises and Wal-Mart Stores for wholesale, Business to Business, cash-and-carry and back-end supply chain management operations in India, today opened its first cash-and-carry store, ‘Best Price Modern Wholesale’, in Amritsar.
This is the first cash-and-carry store opened by the JV in India which expects to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 5,000 people over the next three years.
Speaking on the occasion, Raj Jain, managing director and CEO, Bharti Wal-Mart Pvt Ltd said, “We have put in a lot of planning and preparation over the past 12 months and are delighted that all the hard work will now bear fruit as we open the doors of our first cash-and-carry store in India. We will generate significant job opportunities, both direct and indirect, by creating local beneficiaries along the supply chain and we have been working closely with local suppliers to develop a sustainable and efficient supply chain. Business owners in Amritsar now have a one-stop shop where they can take advantage of the efficiencies we provide, to derive strong returns and substantial benefits for their businesses.”
Rajan Bharti Mittal, vice chairman and managing director, Bharti Enterprises stated, “We are delighted that the Bharti Wal-Mart partnership is bringing the latest and most modern advances in retailing to service the engine of India’s retail sector – the wholesalers and business owners. The focus has been on being innovative, adding value and helping our members prosper. Our focus will be on listening to our members and we will adapt to partner with them as their needs and businesses grow.”
Best Price Modern Wholesale will offer an assortment of around 6,000 items, including food and non-food items, which are available at competitive wholesale prices, allowing retailers and business owners to lower their cost of operations. Over 90 per cent of these goods and services are sourced locally; thereby helping keep costs to a minimum and adding to the growth of the local economy, and creating job opportunities with the cash and carry store directly employing over 150 local people.
— IndiaRetailing Bureau