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Committed to Indian market: Walmart on Morgan Stanley report
short by Arundhati Rawat / on Wednesday, 6 February, 2019
Walmart's Regional CEO, Asia and Canada, Dirk Van den Berghe said Walmart's and Flipkart's commitment to India is deep and long-term. This follows a Morgan Stanley report which speculated Walmart may leave Flipkart due to the implementation of the newly revised FDI policy on e-commerce. "We will continue to focus on serving customers...and bringing sustainable benefits to [India]", he added.
read more at BloombergQuint