Bharti Wal-Mart to begin retail foray from Bangalore, North India

Bharti-Wal-Mart alliance between private sector telecom giant Bharti and the world’s biggest retailer, US $ 322 billion, Wal-Mart, announced earlier in the later part of November, 2006 is likely to begin setting up a cluster of retail outlets from Bangalore and North India, informed Sunil Mittal, Chairman, Bharti Group.

“Complete details, including financial details, about the retail business will be announced next month jointly by Bharti and Wal-Mart,” added Mittal.

Retail – a potent tool for transforming rural economy: PM

Prime Minister Manmohan Singh has offered his full support to organised retail as a powerful tool for transforming rural economy in India, even though there has been a persistent political opposition to the same from left lobbies.

Retail and agro-processing may help bridge the urban rural divide, he averred.

The industry, as such, may expect to see sops being offerd for food, agro-processing, rural infrastructure, storage facilities and transportation, in the next budget.

Manmohan Singh, was speaking while inaugurating FICCI’s annual general meeting on Monday.

Customised product mix for Spinach customers

Spinach, a subsidiary of the Delhi based, Wadhwan owned DHFL, which so far has a cluster of 19 retail stores across Mumbai, as a part of its strategy to garner share from traditional kirana stores, offers customised products to its customers, depending on their socio-economic profile and ethnic domination in a given store locality.

To cite an example, Spinach offers Khakras in Gujarati dominated Borivali, while it offers speciality fish in Seven Bangalows area. Taking into account sensitivities of its customers, it also has exclusive vegetarian outlets in Saibaba Nagar and Ghatkopar.

Even the pricing could change according to requirements of a given locality. It has separate range and pricing plan for different Mumabi suburbs.

Source: Business Standard

India Supply Chain Summit on March 1, 2007

India Supply Chain Council is hosting its first Inaugural Summit in New Delhi on March 1, 2007

This Summit is expected to provide an excellent opportunity for Supply Chain Executives to share their local experiences, challenges & success with each other and learn from keynote presenters & trainers from the industry. Participants attending this inaugural Summit will learn the latest trends & practices in supply chain, including explanatory case studies from leading companies across wide range of industries and sectors.