Bharti Retail to increase staff strength by 2015

In the hopes of becoming a $ 1 billion company by 2015, Bharti Retail, a subsidiary of Bharti Enterprises, plans to increase their staff strength to 60,000 by from 2,000. Making a case for allowing FDI in multi-brand retailing, Bharti Enterprises Vice-Chairman Rajan Mittal said the move will help in creating millions of jobs and will open up bigger export opportunities, helping India close the gap with China in global trade. Bharti Retail has around 30 stores, mainly in Punjab and Haryana and will open 40 more in the National Capital Region by end December.It has tied-up with the world's largest retailer Wal-Mart for the wholesale (cash-and-carry) business, where 100 per cent FDI is allowed. The government also allows 51 per cent FDI in single-brand retailing but none in multi-brand stores.