Bharti Walmart’s Investment in Andhra Pradesh crosses $20 Million
Hyderabad : Bharti Walmart, the joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale, business-to-business, cash-and-carry operations in India, today opened its first Best Price Modern Wholesale cash-and-carry store in Hyderabad. Mr. Raj Jain, President, Walmart India and Managing Director & CEO, Bharti Walmart, inaugurated the store.
Spread over 53,000 square feet, the Best Price Modern Wholesale store in Hyderabad is situated at Pillar no. 267, Sivarampally, Rajendranagar, Hyderabad, and offers best fixed and fair prices with unmatched convenience, choice, quality, hygiene, and selections. The store is a one-stop business-to-business store that meets the day-to-day needs of restaurant owners, hoteliers, caterers, fruit and vegetable resellers,
kirana stores, offices and institutions. Best Price Modern Wholesale store will stock over 5,000 items, including a wide range of fresh, frozen & chilled foods, fruits and vegetables, dry groceries, personal and home care items, hotel and restaurant supplies, apparel, office supplies, electronic goods, and other general merchandise items. Several products available have been locally sourced from Hyderabad and surrounding areas. These include FMCG foods, dairy, frozen and bakery items, tobacco, personal care, food and non-food commodities, office supplies, and general merchandise.
Mr. Raj Jain, President, Walmart India and Managing Director & CEO, Bharti Walmart said, “We are delighted to launch our first Best Price Modern Wholesale store in Hyderabad, a thriving industrial centre in Andhra Pradesh. With this store, we have further strengthened our foothold in southern India. The Best Price Modern Wholesale store will help people save money and live better by providing its members the benefit of low prices, convenience, wide assortment, good quality and hygienic products, all under one roof. We are optimistic that the opening of this store will add value to the economy of the city by serving the needs of local business communities and institutions.”
All products are available at competitive wholesale prices. The assortment, service and layout of the store are customized to the specific needs of members who can source high quality products in the quantities they need. This will allow retailers and business owners to efficiently manage their inventory and lower their operational costs. People of nearby towns and villages will immensely benefit from this store. Besides generating over 180 direct jobs, the store has also generated indirect job opportunities for twice that number of people locally.
About Bharti Walmart Private Limited
Bharti Walmart Private Limited is a business-to-business (B2B) joint venture between Bharti Enterprises and Walmart Stores Inc. for wholesale cash-and-carry and back-end supply chain management operations in India to serve small retailers, manufacturers and farmers. The JV launched its first B2B Best Price Modern Wholesale cash-and-carry store in Amritsar in May 2009. A typical cash-and-carry store stands between 50,000 and 100,000 square feet and sells a wide range of fresh, frozen and chilled foods, fruits and vegetables, dry groceries, personal and home care, hotel and restaurant supplies, clothing, office supplies and other general merchandise items.. Currently, there are 17 Best Price Modern Wholesale stores located at Amritsar, Zirakpur, Jalandhar, Kota, Bhopal, Ludhiana, Raipur, Indore, Vijayawada, Meerut, Agra, Lucknow, Jammu, Guntur, Aurangabad, Bhatinda and Amravati. For more information, please visit: http://bharti-walmart.in