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Wal-Mart Opens Wholesale Stores in India

Wal-Mart Stores Inc. (WMT) , blocked from opening retail outlets in India, is reaching consumers in the world’s second second-most populous nation by supplying their stores and restaurants.

The world’s biggest retailer and rivals including Carrefour SA (CA) and Metro AG can’t sell more than one brand under one roof in India. They’re allowed to set up wholesale outlets and Wal-Mart’s joint venture with billionaire Sunil Mittal’s Bharti Enterprises Pvt. plans to triple its locations this year.

Setting up such businesses will help overseas companies prepare for when India relaxes its rules on retailing, which may happen by April, according to Junior Trade Minister Jyotiraditya Scindia. Retail sales in Asia’s third-largest economy may grow to $785 billion in 2015 from $396 billion in 2011 if the restrictions are eased next year, according to a report by Business Monitor International.

“We’re filling a gap in the country which has existed for several years now,” Raj Jain, chief executive officer of Bharti Walmart, said in an interview. Wholesaling in India could be “gigantic,” and the venture will stay in the business even if retailing rules are relaxed, he said.

Shoppers at a Wal-Mart store in Zirakpur in India’s northern Punjab state said they’re drawn by low prices and convenience. They can only enter the store by showing ID cards that require documents proving they own a store or a restaurant.

Pankaj Goel, 36, said he makes a 10-kilometer (six-mile) trip to the store daily to buy supplies for his restaurant, Food Max.

“I find all the supplies I need here, so I can do all my shopping in one place,” he said as he piled up cucumbers, mushrooms and lemons into two carts being pushed by store staff. “It’s cheaper than buying from the market.”

The 55,000-square-foot Wal-Mart in Zirakpur resembles a warehouse, with high ceilings and aisles wide enough to accommodate forklifts.

Labels list wholesale and retail prices, as well as the difference, to show customers how much they can make when they sell the products on to consumers.

The Zirakpur outlet adds 15 to 20 more every day, Yogesh Kumar, its general manager, said. Bharti Walmart already has as many as 180,000 customers in India, according to Jain.

Bharti Walmart opened its first store in India in 2009. It has six wholesale outlets and plans to increase that to 18 by the end of the year, spending as much as $75 million on the expansion. As many as 12 more outlets may be added in 2012.

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Cola

As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country. During your career, you are likely to be assigned to a variety of low-, moderate- and high-cost locations. Although private sector pay often reflects the local cost-of-living, military basic pay tables do not vary based on location. To help offset the effects of higher cost areas, military servicemembers may be eligible for a Cost-of-Living Allowance (COLA). COLA is designed to compensate As a servicemember, you can expect to be stationed virtually anywhere in the country...

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New England Merchantile Union business directory for, 1849, containing ... an almanac for 1849, ... a business directory for New England; name, location ... of manufacturing establishments, professional men ... advertising register ... of New York

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