As per the latest media reports, world’s largest retailer Wal-Mart has announced that it is in talks with Indian partner Bharti Enterprises Pvt. on its future business plan and aims to reach an agreement in the next few weeks. Addressing the media, Scott Price, head of Wal-Mart’s Asia operations informs, “We are having very productive discussions with Bharti, there are multiple options and we are working through what those options might be, I would hope probably in the next several weeks we will reach an agreement with them. But no matter what happens, there is no pressure in the relationship.” It is worth noticing that his comment has come after local media reports in India suggested that Bharti is seeking to exit the joint venture due to Wal-Mart’s lack of progress in expanding Indian operations.
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