INDIA > USA based Walmart is set to buy Indian’s leading online retailer Flipkart for $16 billion for a controlling stake of 77%

Walmart logo To access a market Walmart has been trying  for years, USA based Walmart  is set to invest $16 billion to acquire a controlling stake of 77% in Indian online retailer Flipkart. Walmart had been restricted by local regulations to operate wholesale outlets in India. According to Walmart CEO Doug McMillon: “India is one of the most attractive retail markets in More …

INDIA > Walmart Shows Interest in India’s Food Processing Sector following FDI Policy Liberalization

walmart   According to  Food Processing Secretary in India, US-based Walmart is keen to invest in India’s Food Processing Sector. Currently, Walmart is present in the country in cash-and-carry retail format. Cash-and-carry retail stores differ from regular stores such that cash-and-carry customers are retailers and professional buyers and not end customers. Hotels, traders, businesses, caterers, and other registered entities are the target More …