Walmart India head likely to meet Sitharaman
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Under pressure from the US, the government might again be compelled to review the foreign direct investment (FDI) policy in multi-brand retail trading (MBRT). At the forefront is American retail giant Walmart, demonstrating a renewed interest in entering India’s fast growing retail market, estimated at USD600 billion. Currently, Walmart operates 20 cash-and-carry or wholesale stores in the country, for which there’s no foreign investment cap.
Questions & Answers
Q.Why would the government review its foreign direct investment policy in multi-brand retail trading?
Why would the government review its foreign direct investment policy in multi-brand retail trading?
The government might be compelled to review the policy due to pressure from the US. This follows American retail giant Walmart demonstrating a renewed interest in India.
Q.What is the estimated value of India's retail market?
What is the estimated value of India's retail market?
India's fast-growing retail market is estimated to be worth USD600 billion. This substantial size makes it an attractive prospect for global retailers.
Q.How many stores does Walmart currently operate in India?
How many stores does Walmart currently operate in India?
Walmart currently operates 20 cash-and-carry or wholesale stores in the country. There is no foreign investment cap for these types of operations.
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