Wal-Mart Forms Joint-Venture Supply Operation in India

Wal-Mart Stores yesterday said it has established a joint venture with an Indian company to develop a wholesale distribution and logistics business in India.

BENTONVILLE, Ark. — Wal-Mart Stores here yesterday said it has established a joint venture with an Indian company to develop a wholesale distribution and logistics business in India. The Indian company, Bharti Enterprises, operates retail stores and other businesses in the country. The two companies will each have a 50% stake in Bharti Wal-Mart Private Ltd., which will seek to leverage Wal-Mart’s supply chain expertise to provide product to kirana stores (tiny mom-and-pop food outlets), produ

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