Reply #26: Wal-Mart to source more IT activities from India

[UpInArms]

http://www.reuters.com/article/businessNews/idUSBOM2488020080220?feedType=RSS&feedName=businessNews&sp=true

MUMBAI (Reuters) - Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) said on Wednesday it would increase technology activities in India, as it seeks to expand its remote sourcing model.

Wal-Mart, which has a joint venture with India's Bharti Enterprises for a wholesale cash-and-carry operation, will work with several top technology firms in the country to support its global operations, it said in a statement.

"As we deepen our relationship with India it only made sense that we take advantage of the 24-hour development cycle that India offers," it cited Vice Chairman Michael Duke as saying.

India is one of several countries that the world's largest retailer is targeting as part of its remote sourcing model for IT activities, it said.

Wal-Mart has sourced some IT applications from a couple of Indian technology firms in the past year, and will now expand these operations to cover more firms to augment its work in the United States, a spokesman said, without specifying details.

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