India’s e-commerce, sourcing fuelling growth for Walmart: CEO Doug McMillon

Walmart Inc.’s president and chief executive, Doug McMillon, reiterated the importance of the Indian market on Tuesday.

“We appreciate the long-standing relationship that we’ve had with the country,” he said at a Walmart event in New Delhi.

The world’s largest retailer, which started with sourcing operations from India over two decades ago, now participates in India’s growing $70 billion e-commerce market via its controlling stake in Flipkart.