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.