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    Walmart wants to grow first, then look at profits

    The US-based retailer Walmart Stores Inc, which has a wholesale joint venture with Bharti Enterprises, today said its immediate focus in India will be to scale up operations before aiming to be profitable in a medium to long term

    May 24, 2011 / 20:26 IST

    The US-based retailer Walmart Stores Inc, which has a wholesale joint venture with Bharti Enterprises, Tuesday said its immediate focus in India will be to scale up operations before aiming to be profitable in a medium to long term.


    "The market in India is ready for modern retail and modern wholesale...We have done a lot of work on setting up supply chain for our operations in India and expanding more aggressively in the country than announced earlier," Walmart India President Raj Jain told PTI in an interview.

    Also read: Bharti Walmart plans to open 8-10 new stores this year


    The company's 50:50 JV with Bharti Enterprises -- Bharti Walmart -- currently has six 'Best Price Modern Wholesale' stores and is planning to add 8-10 new such outlets this year.


    The wholesale stores also supply to Bharti Retail, which is a 100 per cent arm of Bharti Enterprises, besides other players in India's retail sector.

    first published: May 24, 2011 08:19 pm

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