Bangalore: The chief mentor of Infosys, N R Narayana Murthy, on Friday 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 the Bangalore-based software major said.
"The technology, expertise and the environment will be made available to Indian partner", Murthy said in response to questions at a press conference on the sidelines of an international conference on 'managing technology innovation in IT', organised by the Institution of Engineering and Technology (IET). "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.
Bharti announced last week that it had signed a Memorandum of Understanding with Wal-Mart Stores Inc, for the telecom major's foray into the retail segment.
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