Wal-Mart and Bharti Enterprises are likely to sign a deal that will cement the details of their Indian retail joint venture this month, the Financial Express has reported citing Bharti chairman Sunil Mittal.

According to the Indian business publication, Mittal said that the details of Wal-Mart’s investment and other practicalities had been ironed out.

Bharti has already announced its intention to invest US$2.5bn in the project by 2015. Bharti will manage the front-end of the retail business while Wal-Mart is expected to oversee back-end operations.

When contacted by just-food, Wal-Mart said that it is unwilling to reveal details of any negotiations until an agreement has been reached.

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