Thursday, July 22, 2010

Bharti Wal-Mart opens up training center in New Delhi

On July 22, 2010, Delhi government signed an agreement with Bharti Wal-Mart wholesale chain under which the organization will offer short-term vocational courses to the youth of New Delhi.

A Memorandum of Agreement (MoA) had been signed between the training and technical education department of the Delhi government and Bharti Wal-Mart. On June 21, 2010, the cabinet approved a proposal over introducing training courses.

Regarding this training, Sheila Dikshit, Chief Minister, Delhi, said that there is a shortage of skilled people in the capital but the state government is determined to overcome this shortage and this agreement had been signed to help the youth to get employment in Delhi.

The Bharti Wal-Mart Training center that would run from the Veer Savarkar basic training center located on Pusa Road in West Delhi. An official said that all the candidates will be offered 100 percent scholarship and the center would train 25 candidates every month.

On the occasion, Raj Jain, Head of Wal-Mart said that his company is interested to open up hundreds of new stores if the Indian government changes its FDI policy in the retail sector.

Currently, Wal-Mart operates under 50-50 joint venture with Bharti Enterprises and they have just two stores and looking for slow expansion in the region.

Under the current policy, Bharti Wal-Mart’s operation is limited to ‘cash and carry’ stores only and these stores are open to traders, not to ordinary customers. The government is afraid of backlash from the existing small retail companies that are currently running in India. However, government is currently reviewing its policy.

No comments:

Post a Comment