Ex-Flipkart CEO, Binny Bansal not so happy with changes in FDI rules
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Former CEO of Flipkart, Binny Bansal has attacked the changes done in the foreign direct investment policies in the Indian e-commerce sector by govt. He suggested that these policies will badly affect the small start-ups and early-stage businesses. The changed policies will surface as hurdles for innovation and firm creation and also Binny said that it will prevent investors from making long term investments in India.