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FDI norms forcing Flipkart to scale down wholesale biz: Report
short by Kanishka Pandey / on Thursday, 11 July, 2019
Flipkart is being forced to scale down its B2B wholesale business due to compliance with the revised FDI norms, which came into effect from February 1, as per a report. Flipkart has started curtailing or altogether stopped buying products directly from companies, the report said. It is also reportedly asking preferred sellers to buy merchandise directly from manufacturers.
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