DAIKIN

Flipkart Sellers Likely To Modify Purchases In Wake Of FDI Norms

SuperComNet, OmniTech Retail, RetailNet, and some other prominent sellers on Flipkart are planning to cut direct purchases from Flipkart wholesale to about 10 percent or less in the coming months.

The development comes as sellers prepare themselves for any potential changes in foreign investment (FDI) rules in the future, the report said citing people familiar with the matter.

One of them told the newspaper that these sellers are doing a balancing act to comply with the newly enforced FDI norms by restricting purchases from Flipkart wholesale entity to about 25 percent and sourcing the products directly from the consumer goods firms and other distributors.

The FDI rules that were enforced in December said a vendor shall be considered “controlled” by the operator if it sources more than 25 percent of its products from any e-tailer.―CNBC TV18

Share this:

Leave a Reply

Stay Updated on TV Veopar Journal.
Receive our Daily Newsletter.