Walmart Eyes Partnerships With Local E-Commerce Firms In India

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.