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9, December 2006 Pragati Maidan, New Delhi.
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Bharti Enterprises, which has tied-up with Wal-Mart, said discussions are on over business arrangement with the US firm for their retail venture. `We are still discussing... We will come back to you with details at an appropriate time,` Bharti Enterprises Joint Managing Director Rajan Bharti Mittal said after emerging from a meeting with Wal-Mart Vice Chairman Mike Duke this morning here. Duke, who arrived in India on Thursday is likely meet a series of top government officials on Friday to get a clear picture of policy guidelines in the retail sector. Duke's visit is aimed at getting a first-hand knowledge of the market and no announcement regarding specific plans would be made during this visit. Wal-Mart said it was discussing with Bharti in the wholesale segment and exploring the possibility of investing in back-end linkages. The retail chain giant said it was looking forward to partnering with Bharti to build cash and carry back-end linkages with farmers and suppliers through a robust and efficient supply chain and was conducting business studies concerning the feasibility of investing in establishing backward linkages with suppliers and farmers.
Date: 23-Feb-2007
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