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The company also plans to employ 60,000 including ex-servicemen,
women and youth.
Bharti Retail plans to launch its retail outlets in two formats-
hypermarkets and supermarkets. It is also looking at partnering
with existing local store owners across India through a franchise
model for the small store format.
Bharti Retail will store all food and grocery categories, fresh
fruits and vegetables, meat and poultry, dairy products, staples,
FMCG and processed foods, electronics and appliances, clothing and
footwear, furniture and furnishing, and other household articles.
Bharti Enterprises joint managing director Rajan Bharti Mittal
said, "After revolutionizing the Indian telecom sector, retail
will be the next big focus area for Bharti. Organised retail, which
currently accounts for only 3% of the total market, has tremendous
growth potential in the fast expanding Indian economy. The sector
will also offer enormous direct and indirect employment opportunities
while attracting huge investments."
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