Walmart seeks more clarity on FDI rules for multi-brand retail entry in India.

Eyeing India as a long-term growth market, US-based retail giant Walmart says it is currently focusing on expanding its wholesale retail business in the country and would wait for further clarity on rules for entering the multi-brand retail business.

'We are excited about India and we continue to be so. We see the potential of the country and we have a long term view. At the moment we are focused on cash and carry business under our Best Price brand,' Walmart President and CEO Doug McMillon said in an interview.

The Financial Express