The giant U.S. Wal-Mart, the world number one distribution, entering the Indian market in the sector, thanks to an agreement with Bharti Eneterprise, beating the British rival Tesco. The agreement provides for a joint venture that will allow Wal-Mart coming to India in 2007, opening up hundreds of shopping malls in the next 4-5 years. Bharti did not know the financial terms of the agreement, although the Financial Express in early November revealed that the two companies had initially agreed to an initial investment of 100 million dollars, which will then go up to 1, 4 billion dollars. The Indian market of large retailers is estimated at 300 billion dollars, which by 2010 will rise to 427 billion dollars by 2015 and to 637 billion dollars.

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