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India: Bharti Wal-Mart to invest $100 mn within 3-4 years
Wal-Mart opens first India cash-and-carry store in the city of Amritsar, Punjab
Speaking at the launch, Bharti Enterprises Vice-Chairman and MD Rajan
Mittal said the joint venture would invest over $100 million (about Rs
470 crore) in setting up 15 more such outlets in the next three-four
years. “Investment in each store will be about $6-7 million without
land and building ... I am only talking about the inside of the store,”
Mittal said.
