Walmart in India: a little less local? | beyondbrics

Walmart in India: a little less local? | beyondbrics:

"

Yet another glitch in the Indian government’s attempt to attract foreign direct investment.

Walmart, the world’s biggest retailer, has said it will not be able to use local suppliers for 30 per cent of its sourcing, one of the conditions on FDI in multi-brand retailing in India.

The US company has said it will only be able to use local businesses for 20 per cent of its procurement, according to the Press Trust of India."

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