Walmart B2B e-commerce coming to India
Walmart India’s CEO Krish Iyer told Reuters that his company will not roll out to the other stores for the next six months, explaining that they want to hear feedback from customers and iron out any issues.
Currently, Walmart is allowed to retail in the country only as cash-and-carry, not as a multi-brand retailer.
In an interview with Mint, Iyer explained that foreign direct investment in B2C e-commerce is currently not allowed, and his organization will continue to study the regulatory environment.
“We will not jump the gun … primarily because our hands are full at this point in time and there is a lot to be done in cash-and-carry,” Iyer said. “We will continue to follow on our course of establishing B2B e-commerce in all the stores.”
Additionally, Iyer told the news source that he believes that the company can address a $50 billion market out of the total $300 billion worth Indian wholesale market.
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Source: pymnts.com
