Tuesday, November 28, 2006

Retail sector.

I had posted earlier about a probable alliance between Walmart and Airtel for getting in retail in India.Its a confirmed news now.last night Mr Sunil mittal announced his agreement with Walmart of USA for starting a pan India Retail venture encompassing all sizes Mega Big small.....With an estimated investment of 600 crores.

But it pales in significance when compared to 25000Crores of Reliance Retail.Mr Biyani of Future group showed a brave face by saying that the entry of other player dosnt hamper there plan.

Moreover the first to start RPG are not a big player any more.Its going to be exciting times for consumers as the first walmart store is scheduled to roll out by 15Aug 2007.Amen.

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