date:Sep 13, 2013
tions of the new FDI policy on our business, a Walmart spokeswoman told AFP.
In September 2012, Walmart said it aimed to launch its first retail store in India within the next 18 months to two years but has made no recent mention of the target. The firm, like French supermarkets Carrefour and Britain's Tesco, operates in India as a wholesaler with local partnerships but is yet to set up its own stores.
Devangshu Dutta, head of retail consultancy Third Eyesight, said, regulatory complexity was