Jithin91
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Walmart Inc’s online retailer Flipkart has told the Indian government the company faces the risk of “significant customer disruption” if the implementation of new curbs for e-commerce is not delayed by six months.
New foreign investment restrictions will, from Feb. 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform.
Indian officials have said the government is unlikely to change the policy’s implementation date. The industries department declined to comment .
Exclusive: Walmart's Flipkart warns of major 'customer disruption'...
New foreign investment restrictions will, from Feb. 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform.
In a letter to India’s industries department earlier this month, Flipkart Chief Executive Kalyan Krishnamurthy said the rules required the company to assess “all elements” of its business operations, according to a person privy to the communication.
“Redesigning numerous elements of our technology systems to ensure that we can validate and evidence our compliance, in such a compressed period of time, has caused us to divert significant resources,”
Indian officials have said the government is unlikely to change the policy’s implementation date. The industries department declined to comment .
Exclusive: Walmart's Flipkart warns of major 'customer disruption'...