Wal-Mart India growth faces supply chain hurdle
Retail giant Wal-Mart, still limited by rules barring multi-brand foreign retailers in India, expects supply chain woes to make fast expansion in the country difficult, the chief of its Indian joint venture said.
India s USD 450 billion retail sector is largely closed to overseas firms, with those carrying multiple brands restricted to cash-and-carry, or wholesale, outlets like the ones Wal-Mart operates in India.
Earlier this month, the government took a tentative step towards opening the organised retail sector to foreign companies by circulating a discussion paper on the issue, and Wal-Mart, the world s biggest retailer, has said it could open hundreds of stores in India if rules are relaxed.
But in a country where at least 40% of produce is wasted because of inadequate storage and transportation, large investments in warehouses, refrigerated trucks and other amenities are needed.
The larger issue in our country is supply chain, Raj Jain, managing director and chief executive of the three-year-old Bharti Wal-Mart venture, told Reuters Insider television.
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