After severing it’s ties with Bharti Retail September last year, global retail giant Walmart has indicated that it will soon enter the fast expanding e-commerce market in India. Walmart has held it’s merchant only Best Price stores from its partnership with Bharti.
Since its breakup with Bharti Walmart had been eyeing ways to enter Indian market again. As FDI in India is not allowed in Online market also, Walmart has devised a new way to enter the market. It will feature other sellers on its site taking a little commission and will try to proceed from there based on future changes in the concerned law. World online market biggies eBay and Amazon too operate the same way.
The e-commerce space has been seeing huge action lately as the government is also heard to be considering FDI in e-Commerce. BJP, the opposition that is looking the front runners in the next elections too are supportive to the idea. eBay has already made its move by investing 133 million USD in snapdeal recently.