World’s largest retailer Walmart said it was disappointed with the changes in FDI policy for e-commerce in India but it has made “adjustments” and is moving forward.
Despite such changes, India represents a great opportunity for the Bentonville-based retailing major, Walmart Executive Vice President and Chief Financial Officer Brett Biggs said in a conference call.
“It’s disappointing that you have a law like that changed that quickly, but we have made the adjustments and we are moving forward,” Briggs said.
“When you make investment in India, note things are going to change. They did the first time we were in India and they will again, we know that.