 "Bharti Walmart to open 12 stores this year; employ 5,000")
Bharti Walmart,the joint venture of Bharti Enterprises, one of India’s leading business group and Walmart, is about to open 10-12 stores in 2012. The first of these cash-and-carry stores was opened in Amritsar in May 2009.
Raj Jain of Bharti Walmart told CNBC-TV18 that demand in the food and FMCG segment is not decreasing and the company has plans to open more cash-and-carry stores that will also generate employment for about 5,000 people.
Jain said, “We have had a good start, we are very small right now, we only have 17 stores, so we are at a very initial stage of our business. But from a consumer’s standpoint, I would say when it comes to food, FMCG and those kinds of products, the demand is out there. It is in double digit, and it is not waning at all.”
“In 2012 we would open anywhere between 10-12 cash and carry stores additional, each one of those is about 200 odd people directly and another 200 indirectly. It will generate employment of about 5000 people in the year,” he added.
Watch the full report on CNBC TV 18:
 "Have a sweet tooth? What are the reasons behind food cravings?")
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "FirstUp: Nitish Kumar to seek trust vote, RLD to formally join NDA… The big stories today")
 "This Week in Explainers: What Uttarakhand’s Uniform Civil Code means for live-in couples")
 "Have a sweet tooth? What are the reasons behind food cravings?")
 "This Week in Explainers: Will recession in UK, Japan hit daily living?")
 "FirstUp: Nitish Kumar to seek trust vote, RLD to formally join NDA… The big stories today")
 "This Week in Explainers: What Uttarakhand’s Uniform Civil Code means for live-in couples")