NEW DELHI: Union Commerce and Industry Minister Piyush Goyal met senior leaders of Walmart wherein they discussed local sourcing and Make in India.
Minister @PiyushGoyal met President & CEO of Walmart International, Judith McKenna and discussed local sourcing and boosting sales of 'Made in India' products, which will benefit local businesses and the overall domestic market. pic.twitter.com/IgoTD0RXur— Piyush Goyal Office (@PiyushGoyalOffc) 10 July 2019
All aspects of e-commerce business, business-to-business transactions, cash and carry, as well as global-sourcing norms, were also learnt to have been discussed.
India’s e-commerce industry is currently at the crossroads: first, the country is still deliberating on an e-com policy and second, the recent tensions between e-com firms and the Centre on FDI rules that prohibit foreign investment in the inventory-based model or multi-brand retailing.