Mumbai, Sept 28- Global retail giant, Wal-Mart, in its joint venture with Bharti Enterprises, plans to open 15 outlets in its wholesale format by end-2011, a top company official said.
The company currently operates 3 cash and carry stores in the country at Amritsar, Ludhiana and Jalandhar.
ÒOur plans on the cash and carry business to open 15 outlets by end-next year is on track. We are opening 4 outlets in Rajasthan, Madhya Pradesh, Vijayawada and Hyderabad by mid- next year,Ó Bharti Walmart's Head, Raj Jain, told reporters on the sidelines of the India Retail Forum here, today.
Bharti Enterprises and US-based Wal-Mart Stores
entered into a joint venture in August 2007 and started
cash-and-carry stores named 'BestPrice Modern Wholesale' in
2009.
On its sales, Jain said a good monsoon and a good growth in the economy this year is likely to boost overall sales.
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