Bharti Wal-Mart will open its first cash-and-carry wholesale ‘Best Price’ outlet at Rajahmundry. It will be the entity’s fourth store in Andhra Pradesh – after the one each in Vijayawada, Guntur and Hyderabad – and 19th in the country.
Bharti Wal-Mart, a joint venture of Bharti Enterprises and Wal-Mart with both the companies having a 50% share in the enterprise, has fixed Ocotber 23 as the tentative date for the opening of the 58,000 square foot facility.
About Wall-Mart :
Walmart is huge. It has 10,300 stores in 27 countries and net sales of $449.3 billion in the fiscal ended January 2012, which is bigger than the 2011 gross domestic product of Singapore and Vietnam taken together.
Among others, it is Walmart’s humongous size that has sparked the debate about whether the Bentonville, Arkansas-headquartered firm’s Indian arrival will do more harm than good.
Without a doubt, it is a crucial question that must be answered, particularly given the fervour with which certain political parties have defended the cause of India’s small farmers and traders, while opposing big retail.