Murthy all for Bharti, Wal-Mart JV

N R Narayana Murthy, chief mentor of Infosys Technologies, today supported the joint venture between Bharti Enterprises and Wal-Mart saying the Indian partner would benefit from the world's largest retail chain's expertise and technology.

"What's unique about Wal-Mart is its ability to leverage the power of technology for bringing in efficiency, bringing in customer comfort in an unheard of manner," Murthy said.

"That technology, that expertise and that environment will be made available to the Indian partner," he added.

He added that Infosys draws 15% of its revenue from the retail sector adding the company works with all famous retail names including Tesco and Wal-Mart.

Bharti had earlier this week announced that it had signed a memorandum of understanding with Wal-Mart Stores Inc for its foray into the retail market.