Walmart US version of The East India Company: Traders' body
Traders' body CAIT has said, "Walmart is nothing but a US version of The East India Company which conquered the country." In its second letter to Commerce Minister Suresh Prabhu, CAIT also asked for a thorough investigation of the Walmart-Flipkart deal. Walmart has announced it will acquire 77% stake in India's Flipkart, valuing the e-commerce company at about $21 billion. 