Walmart’s Indian joint-venture, Bharti Walmart, has called for India’s government to remove restrictions allowing FDI-backed wholesale firms to sell no more than 25% of their total turnover to a group retailer.
The latest relaxation in FDI rules by the government lifted restrictions on products being sold only for internal use. However, Bharti Walmart chairman Rajan Bharti Mittal said this was only “half the job done” and told reporters the group had written to the finance ministry demanding the removal of the 25% cap.
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