India rejects Walmart-owned Flipkart’s proposed foray into food retail business

Department for Promotion of Industry and Internal Trade (DPIIT) told Flipkart that its proposed plan to enter the food retail business does not comply with regulatory guidelines though it did not elaborate

Rajneesh Kumar, chief corporate affairs officer at Flipkart, told TechCrunch that the company was evaluating the agency’s response and intended to re-apply.

Flipkart planned to invest deeply in the local agriculture-ecosystem, supply chain, and work with tens of thousands of small farmers, their associations, and the nation’s food processing industry, Krishnamurthy said.

  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2020 by StartupNews. Proudly created in India