Arab Today, arab today walmart enters india with bulk outlets
Last Updated : GMT 09:16:34
Arab Today, arab today
Arab Today, arab today

Wal-Mart enters India with bulk outlets

Arab Today, arab today

Arab Today, arab today Wal-Mart enters India with bulk outlets

New Delhi - Arabstoday

Wal-Mart Stores, blocked from opening retail outlets in India, is reaching consumers in the world\'s second most populous nation by supplying their stores and restaurants. The world\'s biggest retailer and rivals including Carrefour and Metro AG can\'t sell more than one brand under one roof in India. They\'re allowed to set up wholesale outlets and Wal-Mart\'s joint venture with billionaire Sunil Mittal\'s Bharti Enterprises plans to triple its locations this year. Setting up such businesses will help overseas companies prepare for when India relaxes its rules on retailing, which may happen by April, according to Junior Trade Minister Jyotiraditya Scindia. Retail sales in Asia\'s third-largest economy may grow to $785 billion (Dh2.88 trillion) in 2015 from $396 billion in 2011 if the restrictions are eased next year, according to a report by Business Monitor International. \"We\'re filling a gap in the country which has existed for several years now,\" Raj Jain, chief executive officer of Bharti Walmart, said in an interview. Wholesaling in India could be \"gigantic,\" and the venture will stay in the business even if retailing rules are relaxed, he said. Shoppers at a Wal-Mart store in Zirakpur in India\'s northern Punjab state said they\'re drawn by low prices and convenience. They can only enter the store by showing ID cards that require documents proving they own a store or a restaurant. Pankaj Goel, 36, said he makes a 10km trip to the store daily to buy supplies for his restaurant, Food Max. \"I find all the supplies I need here, so I can do all my shopping in one place,\" he said as he piled up cucumbers, mushrooms and lemons into two carts being pushed by store staff. \"It\'s cheaper than buying from the market.\" The 55,000 square foot Wal-Mart in Zirakpur resembles a warehouse, with high ceilings and wide aisles to handle forklifts. Labels list wholesale and retail prices, as well as the difference, to show customers how much they can make when they sell the products on to consumers. The Zirakpur outlet adds 15 to 20 more every day, Yogesh Kumar, its general manager, said. Bharti Walmart already has as many as 180,000 customers in India, according to Jain. Bharti Walmart opened its first store in India in 2009. It has six wholesale outlets and plans to increase that to 18 by the end of the year, spending as much as $75 million on the expansion. As many as 12 more outlets may be added in 2012. \"We\'re accelerating our programme because we think we can get larger scale here than we had originally anticipated,\" Jain said. \"Even if retail opens, I cannot see us not doing our wholesale business because the opportunity is huge.\" For Wal-Mart and Carrefour, the world\'s two biggest retailers, running wholesale operations in the South Asian nation of 1.2 billion people helps them develop supply chains and gain a foothold in the country. India was the third-most attractive retail market among the thirty largest emerging markets, US consulting group AT Kearney said in a report. Small, neighbourhood shops that sell a limited range of items control about 70 to 80 per cent of India\'s retail industry, say analysts, including KPMG\'s Anand Ramanathan. Wholesale stores boost product distribution in remote areas, said Ramanathan, based in Bangalore. About five million stores are, \"outside the direct coverage of large consumer-goods players,\" such as Hindustan Unilever, India\'s biggest maker of soap and detergent, he said. Paris-based Carrefour set up its first India wholesale store in December. Reliance Retail, a subsidiary of India\'s Reliance Industries, will open wholesale stores ‘soon,\' billionaire Chairman Mukesh Ambani said. Future Group, the holding company for Pantaloon Retail India, India\'s largest publicly traded retailer, operates 169 Food Bazaar Stores in India. The business of supplying smaller stores has, \"very big potential,\" Saloni Nangia, senior vice president at Technopak Advisors, said. From / Gulf News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today walmart enters india with bulk outlets Arab Today, arab today walmart enters india with bulk outlets

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:57 2017 Sunday ,26 February

Huawei wins MRM Business Innovation Award

GMT 08:49 2017 Saturday ,25 February

Shell plans $300 mn investment in Argentina shale

GMT 05:40 2017 Saturday ,25 February

British Airways owner reports profit

GMT 15:19 2017 Thursday ,23 February

Companies' commitment to Bahrainisation quotas praised

GMT 14:48 2017 Thursday ,23 February

Etihad Airways Engineering signs deal with Kenya Airways

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday