BANGALORE: The recent Joint Venture between Sunil Mittal's Bharti and American retail giant Wal-Mart has the support of the chief mentor of Infosys, N R Narayana Murthy.

Talking to the media at the sidelines of an international conference on 'managing technology innovation in IT', organised by the Institution of Engineering and Technology (IET), Narayana Murthy supported the Joint Venture between Bharti Enterprises and Wal-Mart, saying the Indian partner would benefit from the world's largest retail chain's expertise and technology.

"What's unique about Wal-Mart is its ability to leverage the power of technology for bringing in efficiency and customer comfort in an unheard of manner", the non-executive chairman of Infosys said.

"The technology, expertise and the environment will be made available to Indian partner", added Murthy. He said that 15 per cent of Infosys’ revenue comes from the retail sector and said the company works with some of the major companies like Tesco and Wal-Mart.

Last week, Bharti announced that it has signed a Memorandum of Understanding (MoU) with Wal-Mart Stores Inc, for the telecom major's foray into the retail segment.

CIOL Bureau