At the 2ndtalent acquisition Learning and Development Summit, Bangalore, organized BW People, experts sat to discuss about the future of the FLIP-MART deal.
The discussion on the pro’s and cons of M&A’s (Mergers and Acquisitions) began by discussing the biggest mergers this season. The Flipkart-Walmart deal.
Speaking on the panel were Shalini Kotyal, Vice President HR Denave, Amit Kumar Director &HR Head TE Connectivity India, Swati Wadwhani, Former Mrs India, and Corporate Soft skills trainer, Ketan Dewan, Co-Founder and CEO Talocity. Session was moderated by Taniya Tikoo, Assistant editor BW People.
Dewan began the discussion by saying even thought this is the much talked about deal of the season but it is really too early to come to a conclusion for if it will create jobs or actually delete jobs for local Indian vendors.
On Dewans statement, Kumar shared that there might be a lot of job opportunities post the deal, but they’ll be limited to warehousing, logistics, security, etc.
After this discussion on the deal, Tikoo raised a question whether this deal is going effect other E-commerce market since the competition sites are already facing a fall in the market sales.
To this, Wadhwani replied “If a company is doing better than the other, there must be more manpower to support this, SWAT analysis is something that all of the e-commerce website should do since internet is providing so many options to the consumer at the tip of the finger.”
Kotiyal feels that Walmart has always been a player, doing exceptionally well in the retail and then entering the Indian market with an E-commerce presence while also partnering with one of the most successful E-Commerce website pure business, and maybe it’s for the better for both the sides.
While overall the discussion revolved around the pros and cons of mergers and acquisitions, all the panellists seem convinced that it is a deal in favour of job creation in India, yet it was too early to discuss if this deal would lead to Job creation or Job deletion.