US EditionIndia under tariff pressure to give Amazon and Walmart’s Flipkart full market access
- Flipkart, a Walmart-owned e-commerce startup valued at $36 billion, plans to move its headquarters back to India from Singapore.
- To attract foreign investment and navigate bureaucratic hurdles, Flipkart moved to Singapore in 2011.
- Flipkart, preparing for an IPO on Indian stock exchanges, aims to align its holding structure with core operations.
- According to a Flipkart spokesperson, the move represents a 'natural evolution' and aligns with India's potential.
- Other companies like PhonePe and Zepto have also relocated to India, seeking public listings and enhanced focus.
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US Pressures India To Open Its $125 Billion E-commerce Market To Amazon, Walmart: Report - Amazon.com (NASDAQ:AMZN), Walmart (NYSE:WMT)
To gain full access to India’s $125 billion ecommerce market, the Trump administration is reportedly pushing for the inclusion of online retailers like Amazon and Walmart in the ongoing trade deal negotiations. What Happened: The U.S. is advocating for a fair e-commerce environment in India as part of the comprehensive U.S.-India trade agreement discussions. The agreement is anticipated to cover a wide range of sectors, from food to automobiles,…
India under tariff pressure to give Amazon and Walmart full market access, FT reports
U.S. President Donald Trump's administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion ecommerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and U.S. government officials.The U.S. plans to push Prime Mi
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