e: India-US trade agreement final! The way for Flipkart's IPO opened.
Jaiprakash Ranjan, New Delhi. Now it is just a matter of a few days or weeks that the final draft of the trade agreement between India and America will be agreed upon and the agreement will also be announced. Some such steps have been taken by both the countries in recent times, which show that despite the dispute over tariffs, they are taking care of each other's economic interests.
In this sequence, there are indications that the last hurdle in the way of the IPO plan of Indian e-commerce company Flipkart, in which American company Walmart holds 77 percent stake, has also been approved under Press Note-3. Tencent, a Chinese financial company, has a 5% stake in Flipkart, hence it is required to obtain approval from the Home Ministry under PN3 rules before entering the stock market.
Flipkart gets approval to set up base in India
A day earlier, the National Company Law Tribunal (NCLT) had given approval to Flipkart to shift its base from Singapore to India. Flipkart is a company of the American Walmart group. Walmart was earlier preparing to enter India directly, but later it changed its strategy and in the year 2018 it acquired this Bengaluru-based e-commerce company Flipkart.
The US government has criticized the e-commerce policy of the Indian government many times in the past. Seeing the strict policies of the Indian Government, Walmart has made a policy to bring Flipkart under Indian rules for business purposes. For this, Flipkart is also being launched in the Indian stock market in the year 2026.
What is special in India-US e-commerce policy?
Government sources say that in the talks regarding bilateral trade agreement between India and America, the e-commerce policy of the Indian government was also discussed. India is still not ready to completely open up the e-commerce platform to foreign companies, but India is also ready to fully help Walmart-owned Flipkart to enter the stock market.
For this, the five percent stake of Chinese company Tencent is not being considered as any hindrance. Through this, India wants to indicate that India is paying attention to the demands of American companies. If Flipkart gets this approval, it will open the way for the company to launch an IPO in the Indian stock market. Apart from this, India has taken many such steps in recent times, which are being linked to a possible trade agreement.
What will change with the peace bill?
Just a day before, the Central Government has introduced the 'Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill, 2025' (Peace Bill) in the Parliament. This bill would limit the liability of suppliers in a nuclear accident and allow the private sector to produce nuclear power.
This had long been a hindrance for American companies like Westinghouse and GE. This will open the way for import and investment of American nuclear reactors. Similarly, the Trump administration has approved the proposal of Indian government oil companies to increase Liquefied Petroleum Gas (LPG) imports from America.
India will import 10 percent of its LPG requirement from America. This import will increase further in the coming days. This is also being linked to the India-US trade agreement. Before this, the US approved arms sales worth about $93 million to India, including Javelin anti-tank missiles and Excalibur precision artillery projectiles.