After making an impact in the telecommunication sector, Bharti Enterprises is all set to make an impact upon the retail sector in India. The company has joined hands with the world's largest retailer, Wal - Mart Stores, and a planning a three tier retail launch. But the major problem according to Bharti is the lack of real estate. Bharti also said that the government’s tough legislation policy is another major cause of delay in the deal.

 

According to a research by Technopak Advisers the future of the Indian retail sector is very bright and it has valued the total estimate of the sector to be around $750 billion by 2015. Ranjan Bharti, the managing director of Bharti Enterprises said that though discussions are going on regarding the brand name of the joint venture, the deal is very much on.

 

Bharti has promised to spend $2.5 billion by 2015 and expects to open 10 to 15 retail stores in the next seven years. These stores would challenge other giant retailers in India such as Reliance Industries, SPAR International, Pantaloon Retail India and Shopper's Shop Ltd.