Multi-brand retail: Walmart exit will be a speck in India's market, says P Chidambaram

Oct 15 2013, 11:10 IST
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Why do we assume that Walmart will make a huge difference to India's retail market, asks P Chidambaram. PTI Why do we assume that Walmart will make a huge difference to India's retail market, asks P Chidambaram. PTI
SummaryMulti-brand retail row continues as FM P Chidambaram shows Walmart its place.

role played by the current policy in the company's break-up with Bharti, she said: "Under the requirements of the new FDI policy, Walmart could not invest in multi-brand retail through the existing Bharti Retail business." Bharti and Walmart's decision to independently own and operate separate business formats in India is based on external and internal factors, including the new policy, she added.

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