The company claims it is in India for the long haul -- unlike French chain Carrefour, which exited the country in 2014. American giant Walmart wants policy clarity for the entire retail sector before expanding its India business, as it’s keen to become the leader in both physical and online spaces. The $482-billion group, which operates chains of hypermarkets, discount department stores and grocery stores, has its headquarters in Bentonville, Arkansas, US. It entered India in 2006, with ... Rediff.com, 2 months ago
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Sourcing of goods from India is compelled to some extent by the government to promote small and medium industries American retailing giant Walmart getting a notice from the service tax department in the finance ministry is the latest example of multinationals finding it tough to cope with the sourcing rules in New Delhi. Carrefour, IKEA and Apple are among the others to have come up against the rules in this regard, and their interpretation. Walmart’s could be a technical matter, to be ...Rediff.com, 5 days ago
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