Bharti Retail has outlined its retail roadmap, ahead of WalMart Vice Chairman and CEO Michael Dukes' visit to India.
The company has announced plans to invest $2-2.5 bn by 2015, by when it aims to garner around Rs 20,000 crore. It intends to build up a workforce of nearly 60,000 to facilitate its huge foray into the retail space. Partner Wal-Mart will be in charge of logistics and supply - areas that it specializes in.
The intention is to open up multi-format retail outlets across all cities, though it also plans to foray into hyper and super-market formats. To set up shop, Bharti is on the look out for nearly 10 million sq ft of space across the country. The first store is expected to come up by the end of this year.
Bharti will also be partnering local stores via the franchisees.
