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Wal-Mart , Worlds biggest retailer entered into Indian market by the end of 2007 in an equal joint venture with Bharti Enterprises for wholesale cash-and-carry business. The retail giant Wal-Mart Stores Inc has approved its entry into Indian retail market by signing a deal with Sunil Mittals Bharti Enterprises. Both the companies have consented on the models for their retail joint venture in the Indian wholesale cashand-carry business under the agreement 50:50 stake. The new venture will be named as Bharti Wal Mart Private Ltd. The business model of Bharti Wal Mart Private Ltd comes in the category of the 100 per cent FDI

Bharti Wal-Mart Private Limited is a business-to-business (B2B) joint venture between Bharti Enterprises and Wal-Mart for wholesale cash-and-carry and back-end supply chain management operations in India to serve small retailers, manufacturers and farmers. Raj Jain is the managing director and CEO of the Bharti Wal Mart Private Ltd. Bharti and Wal-Mart, have accepted the two agreements related to the joint venture, technology sharing and training of human resource. The Wal-Mart would be responsible to provide technical support to Bharti Retail and the Bharti retail would own and manage the retail store operations across the country. It is Branded as Best Price Modern Wholesale, the store was a one-stop shop that meets the day-to-day needs of restaurant owners, hoteliers, caterers, fruit and vegetable resellers, kiranas (neighbourhood retailers), offices and institutions. The store would offer an assortment of around 6,000 items, including food and non-food items

Wal-Mart already sources $600 million worth of products from India and the 90 per cent of the products on offer in the BhartiWal-Mart stores will be sourced directly from local farmers, thereby helping keep costs to a minimum, adding to the growth of the local economy and creating job opportunities. The first Best Price Modern Wholesale cash-and-carry store by Bharti Wal-Mart was opened in May 2009 in Amritsar. It is spread across an area of 50,000 and 100,000 sq. Ft. It is found that, Food grains and cereals are two to five per cent cheaper; FMCG products are cheaper by 10 per cent while the apparels and general merchandise are less up to 25 per cent Presently Bharti Walmart has so far invested about $45 million (Rs. 200 crore) in India to open six Best Price Modern Wholesale stores four in Punjab-Zirakpur, Amritsar, Jalandhar and Ludhiana and one each in Kota- Rajasthan, and Bhopal in Madhya Pradesh.

The company has decided to the open stores in Karnataka and Andhra Pradesh in the south, where it plans to open three cashand-carry outlets this year and Chhattisgarh and Maharashtra later this year. It has decided to invest about $75 million in India by the end of this year to open about 10 stores. Its total investment in the country could reach about $195 million by the end of 2012. On May 24 2011, Bharti Walmart and Bharti Retail have launched MoneyGram International's money transfer service at their stores in association with Thomas Cook India. The service has been rolled out at 121 'easy day' and 11 'easy day Market' stores operated by Bharti Retail across India and at six 'Best Price Modern' wholesale stores run by Bharti Walmart. As per RBI guidelines, Indian nationals can draw up to Rs 50,000 in cash through the service after showing valid identity documents. For transactions above Rs 50,000, they will be provided a cheque. Foreign nationals can also avail of the service for up to $2,500.

Bharti Walmart Managing Director and CEO Raj Jain told reporters -"At Bharti Walmart, it is our endeavour to help people save money and the launch of convenient money transfer service through our stores brings us a step closer to achieving that and also he added according to the migration and remittances fact book 2011 of the World Bank, in 2010 India was the largest recipient country for remittances and the number two country in the world in terms of emigrants. Approximately $55 billion in remittances were sent to India last year. "The tie-up will help MoneyGram expand its footprint in India and increase the brand awareness," MoneyGram International Executive Vice-President Dan O'Malley said. Currently, MoneyGram services are available across 30,000 locations across India

Bharti Enterprises is one of Indias leading business groups with interests in telecom, agribusiness, insurance and retail. Bharti has been a pioneering force in the telecom sector with many firsts and innovations to its credit. Bharti Aortal Limited, a group company, is one of Indias leading private sector providers of telecommunications services. Bharti Teletech is the countrys largest manufacturer and exporter of telephone terminals. Bharti has a joint venture with ELRo Holdings India Ltd. FieldFresh Foods Pvt. Ltd - for global distribution of fresh fruits and vegetables. Bharti also has a joint venture - Bharti AXA Life Insurance Company Ltd. - with AXA, world leader in financial protection and wealth management. Bharti has recently forayed into the retail business under a company called Bharti Retail Pvt. Ltd.

Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighbourhood Markets and Sams Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Companys securities are listed on the New York Stock Exchange under the symbol WMT.

Goods are sold at wholesale outlets/warehouses ` Customers are retailers, professional users, caterers, institutional buyers and other businesses, who need special licenses to buy ` Invoices are settled on the spot n cash and carry the goods
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FieldFresh will source fresh fruits and vegetables through the contract-farming route from Punjab, J&K, Himachal Pradesh, Uttaranchal, Haryana and U.P. AGRI-business seems to be the latest mantra among corporates. Today, it was the turn of Bharti Enterprises Ltd (BEL) to announce a foray into the sector through FieldFresh Foods Private Ltd, a 50:50 joint venture with the Rothschild Group-controlled ELRo Holdings India Ltd.the export of fresh fruits and vegetables from the country to markets such as the European Union, the United Kingdom, South East Asia and West Asia.

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Managing Director and CEO, Bharti Walmart Pvt. Ltd. Raj Jain is President Walmart India and also oversees Walmarts joint venture with Bharti Enterprises Limited for wholesale cash-and-carry and back-end supply chain management operations in India. Raj is a business leader whose career spans 27 years across diverse assignments. He joined Walmart in Shanghai as President of Emerging Markets for Walmart International in May 2006. He spearheaded Walmarts entry into India and relocated back to India in 2007 to head the JV as President and MD. Prior to joining Walmart, Raj Jain was Regional Head, Marketing & Supply Chain for the Asia Pacific region at Whirlpool Corporation in Shanghai. During his 10 years at Whirlpool he also served as Managing Director & CEO of Whirlpool of India Ltd.

After receiving his Engineering Degree from Delhi College of Engineering, Raj joined Hindustan Lever Limited (HLL). He was the youngest Factory Manager in HLL and also one of the very few to move to a sales and marketing leadership role in a unique cross-functional career move. His successful and distinctive career in HLL in India and Unilever- U.K. included several key managerial positions that won him many awards for innovation, excellence, achievements in category growth, cost management etc. Raj holds an Executive MBA degree from the Kellogg School of Business. He is married and has two teenage children. He is a keen Golfer and avid traveler.

French retail major Carrefour, the second-largest in the world in terms of revenue (euro 90 billion) after Walmart, launched its first store in India a cash-and-carry wholesale format store at Seelampur, East Delhi . Carrefours only cash-and-carry store in Asia at present is in India. The group has a total of 151 cash-and-carry stores 137 in France, 13 in Europe (excluding France) and 1 in Asia. The group has 151 cash-and-carry outlets, it has 1,401 hypermarkets, 2,945 supermarkets, 5,059 convenience stores and 6,404 hard discount stores Lars Olofsson, CEO of Carrefour, had said: The opening of this first store marks Carrefours entry into the Indian market and will be followed shortly by more cash-and-carry stores. This first step is essential to allow Carrefour teams to fully understand the specificities of the Indian market and then build our presence in other formats.

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