Cash-and-carry firm Bharti-Walmart is eagerly awaiting policy changes in the multi-brand retail sector and expressed hope that it could be a big player once FDI is allowed. “If the law of the country changes, we can open hundreds of stores, but this is possible only if FDI is allowed,” Bharti-Walmart Managing Director and CEO Raj Jain told reporters.
Bharti-Walmart, which is a 50:50 cash and carry joint venture between Bharti Enterprises and WalMart, runs the ‘BestPrice Modern Wholesale’ stores in North India. Source
