Walmart to pitch for private labels in sourcing norms

Oct 16 2013, 08:22 IST
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Globally, the private labels of Walmart contributed $50 billion of the $283 billion of food and consumables revenue. Globally, the private labels of Walmart contributed $50 billion of the $283 billion of food and consumables revenue.
SummaryBy inclusion of private labels, Walmart argues it will be able to comply with FDI policy.

that it will continue to work with the government and interested stakeholders to create conditions that enable FDI in multi-brand retail sector.

retail talks

* Walmart says that without the

inclusion of private labels it will not be able to meet the 30% mandatory local sourcing condition

* The retailer says that around 18% mandatory sourcing can be achieved by its private labels

* Private labels are owned and sold by retailers in their stores. They add to the revenue because they have no marketing cost

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