Wal­mart’s In­dia en­try stalled

Apparel - - Market Watch -

The global re­tail gi­ant, Wal­mart’s ex­pan­sion plan in In­dia is largely de­pen­dent on how the For­eign Di­rect In­vest­ment rules in FDI fi­nally shape up, said a mar­ket ob­server while speak­ing to a lead­ing busi­ness daily. Wal­mart has been se­ri­ously think­ing over its foray into the In­dian

Ac­cord­ing to an of­fi­cial re­port, the re­tail vet­eran is plan­ning to open more than 50 cas­hand-carry stores in dif­fer­ent states of In­dia. A team from the France-based, Auchan, re­cently vis­ited In­dia to gauge the mar­ket vibe and to bet­ter un­der­stand the govern­ment’s vi­sion to­wards FDI in re­tail.

Ex­perts think that the chang­ing rules of the re­tail in­dus­try are mak­ing things dif­fi­cult for the govern­ment as they are find­ing it dif­fi­cult to share mar­ket op­por­tu­ni­ties between for­eign re­tail­ers and their In­dian coun­ter­parts. Mar­ket pun­dits say that, though sev­eral in­ter­na­tional re­tail giants want to foray into the ex­pand­ing re­tail mar­ket of In­dia, they will not take any con­crete step un­til the govern­ment gives them a bet­ter clar­ity around FDI in the re­tail and food com­po­nent.

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