Walmart disappointed with FDI norm change soon after Flipkart deal

Mumbai: Walmart, the world’s biggest retailer, said rule changes in India should be expected whenever investments are made, although it is disappointed that they happened so quickly after acquiring Flipkart, referring to the tighter foreign direct investment norms in ecommerce.

“When you make an investment in India, note things are going to change,” Walmart’s chief financial officer Brett Biggs told analysts at the Raymond James Institutional Investors Conference.