The acquisition of India's e-commerce platform Flipkart by the American multinational retail corporation Walmart is a positive move

The acquisition of India's e-commerce platform Flipkart by the American multinational retail corporation Walmart is a positive move

The acquisition of India's e-commerce platform Flipkart by the American multinational retail corporation Walmart is a positive move

No.PR-23

May 9, 2018

New Delhi

 

 

The acquisition of India’s e-commerce platform Flipkart by the American multinational retail corporation Walmart is a positive move. The move will open new chapters in the world of e-Commerce and the growth of e-commerce is expected to increase.

 

PHD Chamber of Commerce and Industry look forward to the opportunities created on the back of strengthened e-Commerce segment as currently India’s e-Commerce market is only USD 25 – 30 billion of the USD 22 trillion World’s e-commerce market. The acquisition can be translated as a great move for the e-commerce industry.

 

Going forward, reforms for development of the e-commerce infrastructure in India along with strengthening of the security and privacy systems would reinforce the e-commerce segment in India in the coming times.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)