Slowly but surely, the opposition to the $16 billion Walmart-Flipkart deal seems to be gathering steam in India. Earlier this week, around 30 associations representing small traders in various Indian states met in Ahmedabad, Gujarat, to discuss the implications of the US retail giant’s acquisition of the Indian e-commerce firm.
Industry observers, however, believe the traders’ concerns are misplaced and based on an incorrect interpretation of Walmart’s plans. “I have spoken to the Walmart representative multiple times and they speak about the shared-value concept they have and how they’re investing in mom-and-pop-stores,” said Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research. “What the traders association do is they go on hearsay rather than facts. The fact is that (Walmart) plans to use mom-and-pop stores as part of their plans.”
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.