After buying a majority stake in Flipkart, the famous US retailer Walmart announced that this deal would create more than ten million jobs in India.
Heading in that direction, Flipkart has appointed five Vice Presidents for different functions. These VPs will look after categories such as fashion, corporate strategy, engineering, risk management, shared technology, and services group.
Vineet Sethi, Phanimohan Kalagara, Naren Ravula, Srinivasulu Grandhi and Dev Iyer have been appointed to lead the Indian e-retailer.
The organization is going through various changes post the Walmart acquisition. It can be recalled that the American retailer is looking to shift some of its top executives from Gurugram to Bengaluru. It might even bring in talent from its Asda unit in the UK that it had sold to the rival, Sainsbury for $10 billion in April.
According to Walmart, their investment will benefit India by providing quality, affordable goods for customers, while creating new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.
The American retailer feels this will create wonders for the Indian economy and it will maintain the equilibrium of local sourcing and create jobs.