Wal-Mart Stores Inc. and Bharti Enterprises finally signed a deal to open 10 to 15 "cash-and-carry" wholesale centers over the next seven years, a move that has Indian retailers irritated and quivering at the same time. The 50-50 venture is called Bharti Wal-Mart Pvt. Ltd., and reports have it that a typical store would occupy 50,000-to-100,000-square feet — the average Indian store has about 200 square feet. Bharti owns Airtel, India's leading mobile phone operator.
There's plenty of opposition to Wal-Mart's entry, but it seems the momentum of the world's largest retailer won't be stopped.
Read the story from Yahoo! News
Join Corporate Dealmaker's LinkedIn forum
Adele Gulfo
And the winners are...
