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Walmart evaluating FDI guidelines on food retail in India: CEO

Walmart evaluating FDI guidelines on food retail in India: CEO

Thursday, April 13, 2017, 5:40 PM

Walmart India is "evaluating" FDI guidelines for the food retail space in India as the government has permitted 100% FDI in the sector. Walmart India is a wholly-owned subsidiary of US retail giant Walmart Stores. Walmart India President and CEO Krish Iyer said the government's decision to permit 100% FDI in food retail is a good step and it would also help reduce wastage.
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