Flipkart deal to create 10 million jobs in India, says Walmart CEO Doug McMillon

 

Walmart CEO Doug McMillon has said that the Flipkart-Walmart deal will create around 10 million jobs in India. US-based retail Walmart on Wednesday announced that it will buy a 77 per cent stake in Flipkart. Walmart said that its collaboration with Flipkart will also support small businesses by procuring directly from them. Walmart will also partner with kirana owners in India to help them reform their retail practices and adopt digital transaction technologies.

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