Walmart to enter Indias ecommerce marketplace

Wednesday 5 March 2014 00:56 CET | News

Multinational retail company Walmart has revealed plans to build a new marketplace for tapping into India’s ecommerce industry, according to online media outlet

Earlier in 2014, Walmart established a new company in India after its initial alliance with Bharti Enterprises didn’t work out. Because the Indian legislations do not allow foreign instruments, Walmart is forced to build an ecommerce marketplace.

In recent news, a speech delivered by Arvind Singhal, chairman of Technopak Advisors, at eTailing India conference and Exhibition 2014, revealed that India’s ecommerce market is expected to register 7% share of the country’s retail market, reaching USD 60 billion by 2023.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Walmart, India, ecommerce, marketplace
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events