Bharti Wal-Mart Sets Cash-and-Carry Openings in India

When Wal-Mart Stores, Bentonville, Ark., begins opening its joint-venture stores in Punjab, India, later this year, they will be cash-and-carry wholesale membership stores for businesses only and will operate under the name BestPrice Modern Wholesale, according to Bharti Wal-Mart Private Ltd., the joint-venture company.

NEW DELHI, India — When Wal-Mart Stores, Bentonville, Ark., begins opening its joint-venture stores in Punjab, India, later this year, they will be cash-and-carry wholesale membership stores for businesses only and will operate under the name BestPrice Modern Wholesale, according to Bharti Wal-Mart Private Ltd., the joint-venture company here.

The company said it expects to open between 10 and 15 cash-and-carry stores over the next seven years. Stores will be 50,000 to 100,000

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