Walmart Says Cannot Meet India’s Local Sourcing Rules

Walmart has told India that it is unable to meet local sourcing requirements for foreign supermarket groups wanting to open stores in the country, a report said Wednesday.

Under rules introduced when the government opened up the sector in 2012, foreign supermarkets are required to buy 30 percent of their products from local small-scale industries.

Walmart has “orally conveyed its stand” to the government over the policy, the Press Trust of India reported, adding to complaints from US companies that they are unable to operate in India.

 

Source: France24

SHARE
News Talk Florida Staff