Wal-Mart Nears India Expansion

Details of a potential joint-venture between Wal-Mart and India's Bharti Retail are mostly one-sided, but it appears the two may finalize an agreement as early as this week to bring Wal-Mart into India. Multi-brand foreign retailers are only allowed to operate in India with a local joint-venture partner. Bharti said yesterday it plans to invest $2 to $2.5 billion by 2015 to build approximately 10 million square feet of stores, employing 60,000 across 30 Indian cities each with a population greater than 1 million. It is not clear whether the Wal-Mart brand will be used, but Bharti said it will own the stores. Wal-Mart has not said how much it plans to invest. At this stage Wal-Mart's role seems focused on providing supply-chain and technology management to the venture. Coverage by the Associated Press notes the Indian government has not raised any objections to a prospective deal so far, but a high ranking official warned last week any deal will be subject to scrutiny.

Sources: Press release, Forbes-AP, The Wall Street Journal
Commentary: Berkshire Hathaway: Notable 13F Changes • Retailers Post January Same Store Sales • Wal-Mart: Priced At a Discount With Room to Grow
Stocks/ETFs to watch: Wal-Mart (WMT). Competitors: Carrefour [Paris: CA], Tesco plc (TSCDY.PK). ETFs: ML Retail HOLDRS (RTH), Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer Staples (VDC)

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Comments

[saud ibn ab...:]

Why or Why Wal mart and Bharti. Globalization via Wal mart business models failed and has been terminated en tote in Korea and Germany. The dog don't hunt outside its "prey" europeans occuping western hemisphere india tribes land, the socalled USA. Get wiser. The Harvard business school professor, now deceased, who pushed "globalization" through western econmy multinational, haas been deemed mentally ill, a case book maglomaniac. One who beileves irrationally, and illogically, and acts manically to "take over" all persons and all lands and all cultures, to create "sameness" without exception. Go to National institute of Mental Health's site for a more clinically proven definition. www.nimh.org
Just halt and review Korea and Germany vis-a-vis Wal Mart. History will repeat itself.
Space limitations here require me to ask each and all to please.
email me at

[e-mail]
More documentation Wal Mart NO NO NO NO IN INDIA. (Hindustan)

2007 Feb 25 08:25 PM

[saud ibn ab...:]

in a rush, correction to typing errors reply

....ccupying western hemisphere indians' tribal lands the do called USA.

link www.nimh,nih.gov or Webster dictionary's definition "megalomaniac" delusions of greatness, obessession with doing grand things, project.

thank you for reading

2007 Feb 25 09:03 PM