New Delhi, Feb. 20: Top Wal-Mart executives Michael T. Duke and Rollin Ford are in India to work out a retail supply chain infrastructure for the companys cash-and-carry joint venture with Bharti Enterprises.
The 50:50 venture is expected to open the first of its proposed 10-15 wholesale facilities by December 2008.
A typical facility will be between 50,000 and 100,000 square feet and sell a range of groceries and staples, footwear, clothing and consumer durables to retailers, said Michael T. Duke, vice-chairman of Wal-Mart Stores.
The venture will employ 5,000 people over the next seven years, he added.
Wal-Mart chief information officer Rollin Ford said, Our goal is to work with Indias existing supply chain infrastructure and improve efficiency to minimise wastage and maximise value for farmers and manufacturers as well as retailers.
The venture will provide retailers — kirana stores, fruit and vegetable sellers, restaurants and other business owners — with a wide range of quality products at competitive wholesale prices that will help them enhance their businesses and profitability.