Murthy supports Bharti''s JV with Wal-Mart

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", Murthy said, adding "It's a very important progress".

He said the NASDAQ-listed firm draws 15 per cent its revenues from the retail sector, adding, it works with all 'famous retail names', including 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