Wal-Mart is all set to roll out its first ‘cash and carry’ outlet in India in the first quarter of 2009.
Raj Jain, President, Wal Mart India, and CEO and Managing Director, Bharti Wal Mart India, said the international retail chain Wal-Mart would launch its first ‘cash and carry’ outlet in the northern part of the country in the first quarter of 2009.
It had earlier tied with Bharti for the wholesale venture.
The retailer is looking at opening 3-4 ‘cash and carry stores’ by 2009. This format would provide products to the local grocery stores and small-time retailers at competitive rates.
Raj Jain maintained that to ensure effective supply chain management, essential for bringing down the product prices, Wal-Mart would focus on sourcing locally. This would not only reduce the transportation costs for Wal-Mart, but also help the local suppliers to grow and prosper.Wal Mart sources goods worth Rs 1,500 crore from India and is looking to scale it up.
“We are in talks with manufacturers in Punjab and Haryana and other parts of country and the sourcing from India is likely to increase in the near future” Jain added.
