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Ex-Flipkart CEO, Binny Bansal not so happy with changes in FDI rules

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.