Walmart welcomes FDI in Multi-Brand retail
By VJ Media Bureau |
Vjmedia Works | 1 | March 07, 2013
Bharti Walmart Training Centres, like the one Scott Price visited have been strated by Bharti Walmart Pvt Ltd to bridge the gap of skilled workers available for cash-and-carry and organized retail formats.
Walmart Asia President and CEO Scott Price recently visited Bharti Walmart Training Centre at Pusa, New Delhi. Speaking after the visit Price said, "We look forward to working with the Government of India and State governments to understand the rules that exist for Foreign Direct Investment, and we are committed to evolving and following them in a logical manner that benefits both the Indian customer and our business.â€
Emphasising on several benefits of FDI to the Indian economy and citizens he said'We can offer our customers a wide assortment of great merchandise at everyday low prices and help them save money so they can live better. We would achieve this mission by buying directly from farmers, manufacturers and SMEs, investing in back-end infrastructure and training and development of our associates and business partners.â€
Bharti Walmart Training Centres such as the one Price visited have been set up by Bharti Walmart Private Limited which is a business-to-business (B2B) joint venture between Bharti Enterprises and Walmart Stores Inc., with the aim of bridging the shortage of skilled workers for cash-and-carry and organized retail formats. Currently there are 18 such training centres across the country, including six in Public Private Partnerships with the respective State Governments in Amritsar, Delhi, Bangalore, Jalna, Aurangabad and Hyderabad. Eight of the centres are operated out of the Best Price Modern Wholesale stores.