Wal-mart: Chalo India Movement....
2 months back, I had mentioned about the Interest that Wal-mart has been showing in the Indian Markets and Indian visits by some officials . Till now, India was a country for sourcing and procurements, with procurement centres established in Bangalore for the South Asian countries. But, with a huge luring market of approximately Rs. 900,000 Cr. , and ease of govt. regulations in sight, the 95% of the unorganized Retail Market is surely in for a great time ahead. In his latest visit to US, Prime Minister Manmohan Singh is scheduled to meet with Lee Scott , the CEO of Wal-Mart. Though official Press Releases allude to the " purchase of Goods " from India, Industry Experts aver that there is more to the meetings than sourcing. "Wal-Mart in recent months has upped the ante in its campaign to woo the Indian government and Indian consumers. Retail analysts say Wal-Mart needs to look for new international markets to fuel growth, especially as its U.S. market becomes incre...