E-commerce FDI policy changes haven't shaken confidence in India: Walmart
Updated : February 20, 2019 12:04 PM IST
The Bentonville-based retailing major, which invested $16 billion in Flipkart, said the changes in foreign direct investment (FDI) norms it has not shaken its confidence and excitement about the Indian market, and it remains optimistic about e-commerce opportunity in the country.
Tightening norms for e-commerce firms having foreign investment, the government, from February 1, barred online marketplaces like Flipkart and Amazon from selling products of companies where they hold stakes and banned exclusive marketing arrangements that could influence product price.
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