Walmart’s India entry stalled
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.