Bharti Retail to increase staff strength to 60,000 by 2015
Bharti Retail, a subsidiary of Bharti Enterprises, on Monday said it will increase the head count to 60,000 by 2015 from 2,000 now as it has set a target to become a $1 billion company by then.business Updated: Sep 28, 2009 12:16 IST
Bharti Retail, a subsidiary of Bharti Enterprises, on Monday said it will increase the head count to 60,000 by 2015 from 2,000 now as it has set a target to become a $1 billion company by then.
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.
"We employ about 2,000 people... We are going to employ 60,000 people by 2015," Mittal told PTI, adding, "I am saying that if the sector opens up, it will have two million people employed... The government should recognise that."
He said about 25 per cent people working at Bharti's 'easyday' stores were matriculate who would find jobs only at places like retail stores. Besides, about 22 per cent of the people employed by the sector are retired and housewives, who work on flexi timings.
Mittal said all these people were acquiring new skills through training. "We are training them and we have skill set academies in Ludhiana and Amritsar to train them."
On the level of FDI that should be allowed, Mittal said, "That's for the government to decide but I would say, to begin with, 49 per cent..."