Following the move that government has allowed FDI in multi-brand retail, US giant Wal-Mart has announced it wants to have a 51 percent controlling stake in a new front-end retail company for which wholesale partner Bharti Enterprises would be a “natural partner”. The company, which wants to have an all-new format for stores in India, is in the process of finalizing its business plans and will make an application before the Foreign Investment Promotion Board within the next 45-60 days. Such big expansion plan of the retail giant would bring in fresh business for the signage companies dealing in in-shop displays and other related activities.
