that it will continue to work with the government and interested stakeholders to create conditions that enable FDI in multi-brand retail sector.
* Walmart says that without the
inclusion of private labels it will not be able to meet the 30% mandatory local sourcing condition
* The retailer says that around 18% mandatory sourcing can be achieved by its private labels
* Private labels are owned and sold by retailers in their stores. They add to the revenue because they have no marketing cost