Bharti Walmart opens third cash-and-carry store in Punjab

Bharti Walmart, the 50:50 joint venture between Bharti Enterprises and

US-based Walmart, today opened its third wholesale store in Punjab, taking the company's investment in the state to $25 million (about Rs 115 crore).

Bharti Walmart opened its first cash-and-carry store - 'Best Price Modern Wholesale' - in Amritsar in May, 2009, and added another outlet near Chandigarh this year.

The JV is expected to open 10 to 15 wholesale cash-and-carry facilities and employ approximately 6,000-7,000 people over the next three years.

"We are committed to provide a wide range of quality products to kirana stores, retail chains and other institutions at the lowest prices, as well as creating sourcing linkages with farmers and small manufacturers," Bharti Walmart Chairman Rajan Bharti Mittal said.

The firm claims to sell a wide range of products at very competitive prices at the store, enabling retailers and small businesses to lower their cost of operations.