Local retailer Bharti Retail said it intends to become a billion dollar company by 2015 and is aiming to open 40 more retail outlets in the next three months.

The group plans to invest up to $2.5bn (£1.5bn) by 2015 in its retail business. Bharti Enterprises vice-chairman and managing director Rajan Mittal said: “The slowdown has had only a marginal impact, but there was no change in the company’s eight-year plan.”

Bharti Retail is Wal-Mart’s retail partner in India.

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