India has its own rules, we must comply with them: Walmart CEO McMillon

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India is a diverse country and Walmart has to think and execute locally and comply with its rules, said Doug McMillon, chief executive officer and president of the world’s largest retailer.

“It has its own rules. So we've got to comply with those rules,” said McMillon during a fireside chat with Prof Murali Mantrala of The University of Kansas School of Business at Converge @ Walmart, the flagship event of Walmart Global Tech India.  “Today we're not allowed to make foreign direct investment in a multi-brand retail store, the physical brick and mortar store. So we operate in a different