WAL-MART OPENS INDIA WHOLESALE OUTLET WITH BHARTI

Wal-Mart Stores Inc., the world’s largest retailer, and local partner Bharti Group opened their first wholesale outlet in India as rising disposable incomes boost demand in the world’s second-fastest-growing major economy.

Bharti Wal-Mart Pvt. today opened the cash-and-carry store in the northern city of Amritsar, it said in a statement. The venture plans to open 10 or 15 wholesale outlets and employ 5,000 people during the next three years...

Bloomberg