Increasing wages and realty prices seem to be a serious concern for retailers in India. Considering the existing situation, Bharti group CMD, Mr Sunil Mittal, does not seem to be deterring his plans to open Walmart stores across the country including Bangalore and on the contrary has started work on setting up the back-end operations. "We are looking at everything from leasing to buying and hiring. Real estate prices are hot around the tier two cities as well. But we will find a solution," he said. As for retail, he said there were reserves and fund flows that will help the group leverage debt.
The Times of India New Delhi Edition January 25 2007