Trouble ahead for Walmart, Amazon and other foreign multinationals that want to do business in India:
“New Delhi is clamping down on a long-standing policy to keep foreign investment out of big retail. It means Walmart, which recently ploughed $16 billion into India’s Flipkart, and Amazon can no longer sell products from companies in which they own a stake, nor push vendors to hawk goods exclusively through their online services. They must also ensure they account for no more than a quarter of any merchant’s purchases.”
P.S. Doing business overseas has its own set of challenges. Suppliers and retailers alike have to stay on top of regulatory issues, laws, and industry standards. Our experts can help you meet the standards set by Walmart and Sam’s Club. Get in touch today to learn more.