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October 16, 2019
Written By ET Bureau
BENGALURU | MUMBAI: Walmart-owned Flipkart is entering food retail in India, where consumers spend about $500 billion on groceries annually.
Newly registered Flipkart FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores.
“In line with the government of India’s FDI (foreign direct investment) policy,
Source: economictimes
