Bharti Retail to enter new zone
Bharti Retail is looking to enter a new zone by 2010 end, which could either be the western or southern part of the country. Currently, the retail ginat’s operations are concentrated only in northern India through its 70 Easyday neighbourhood retail stores and Easyday Market compact hypermarkets and a single cash-and-carry store through its joint venture with Wal-Mart.
Bharti Retail has drawn up a 10-year roadmap till 2017, by when it plans to invest $2 billion across its formats, for which it will need to raise funds. Such new expansion move of the retail giant will open a new window to the country’s signage sector, offering unmatched opportunity to in-store media companies.