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Case Studies and Management Resources

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The Bharti - Wal-Mart Retail Joint Venture

On November 27, 2006, Wal-Mart Stores, Inc (Wal-Mart), the world's largest retailer, and Bharti Enterprises Ltd. (Bharti), a leading business group in India, signed a Memorandum of Understanding (MoU) to explore business opportunities in the Indian retail industry. This joint venture marked the entry of Wal-Mart into the Indian retailing industry.

According to Sunil B. Mittal (Mittal), chairman and managing director, Bharti, "The joint venture with equal stakes will operate in areas where the government allows foreign investment in retail like...