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Walmart Eyes Partnerships With Local E-Commerce Firms In India

January 14, 2016: 12:00 AM EST
Walmart is reportedly planning to partner with India’s leading e-commerce companies, including Flipkart, Snapdeal, and ShopClues. Seen as part of the U.S. retailer’s efforts to take advantage of the growing online retail market in the country, Walmart’s e-commerce move follows its failed attempt at launching its local consumer retail business. India allows 100 percent foreign direct investment in cash-and-carry or wholesale businesses; however, FDI is limited at 51 percent in multi-brand retail.
Nivedita Mookerji & Dilasha Seth , "Walmart plans tie-ups with online retailers", Business Standard, January 14, 2016, © Business Standard Private Ltd.
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