Bharti Walmart Tie-up - Great Day for Indian Retail Industry

Bharti and Walmart announced a joint venture in Retail today. This is just amazing news for a retail enthusiast like me.
Walmart would manage the Supply chain while Bharti would manage the front end of the new stores. The stores would be in the Walmart format. Bharti has expertise in executing huge and large scale operations and it would be a good partner for Walmart.

What does this really mean for India and Indians?

1. World class stores with good customer service
2. Everyday Low Prices (hopefully)
3. Quality assortment of merchandise ( Not that Walmart has the best quality in US but they must be good for current Indian retail standards)
4. More jobs
5. More related jobs across the supply chain --- Really an understatement. Imagine all the producers and their suppliers and so on.

Having worked on the IT systems of major US retailers for over 7 years I fancy working in one of these companies and imagine the countless possibilities & challenges one might encounter when working in such a 'start up'.