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Why FDI in retail MUST be supported


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ABHINAV VERMA
Useless
by ABHINAV VERMA on Dec 12, 2011 08:14 PM

How can two greatest minds be so biased in writing that they present an argument with no data? Does that work in HDFC when somebody presents you a business case Mr. Parekh

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Varma
Why FDI in retail MUST-Not be supported
by Varma on Dec 11, 2011 05:49 PM

Junkfood

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subrata banerjee
Is Mr. Ganguly and Parekh, the last word of the contry?
by subrata banerjee on Dec 11, 2011 02:39 PM

There are scores of intellegent and professionally sound indian citizen who hold the opposite comment. Who will be accepted?

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RS
FDI's is like easy money...Don't fall pray to this Crap.
by RS on Dec 11, 2011 11:14 AM  | Hide replies

What comes easy goes easy, leaving Indians poor...Say NO to FDI's in every industry.

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kumar kn
Re: FDI's is like easy money...Don't fall pray to this Crap.
by kumar kn on Dec 11, 2011 11:44 AM
The Govt which has woken up suddenly seems to be thrusting this FDI down our throats.We did not hear these Industrialists talking about the Scams and corruption in govt all this time.Were they sleeping or can't they see the reality?The foreign companies intending to come to India and set up stores are spending millions of dollars to lobby the govt and propogate that FDI is good for India.Why is corporate India not insisting on govt to bring other reforms other than FDi?

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JAYESH SODHA
FDI inflates; middle-class cries
by JAYESH SODHA on Dec 11, 2011 11:13 AM

Obvious, FDI entry in retail is no social work &'d plan expliotation.
Indian "Hindus" veg. culture will also be in danger......NO ENTRY FDI in India retail.

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RS
India doesn't need FDI's in any sectors.
by RS on Dec 11, 2011 11:12 AM

We need to be concentrating on indigenous and local investments. Indians and India has everything with them to achieve this. Kick out McDonald's, KFC's and Pizza Huts out of India and invest in developing India's OWN brands.

India should first build infrastructure, create rules / laws to moderate and regulate our own markets.

Say no to FDI's in any form in any industry.

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ar
facts
by ar on Dec 11, 2011 08:57 AM

FDI in retail is a flop story worldwide. It has made a few billionaires and many slaves. Including US and europe, all governments are giving huge subsidies to farmers all times and agriculture is a loss making activity there. In europe every minute one farmer is leaving agriculture and moving elsewhere. Then how parekhs MNCs can change the poor farmers plight in India? Does he see indian farmer wearing rayban sunglasses, designer wear and tilling the land in his rolls royce airconditioned tractor ?

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ar
wealth distribution
by ar on Dec 11, 2011 08:52 AM

It is to be understood first that MNCs have a squeeze and throw culture. They believe in putting unbearable pressure on their employees, squeeze them to their last drop of blood and then throw them out. Do we want such culture ? Wealth should not be in the hands of very few, it is not good for the society. Total wealth can be less, but it should be distributed among people, not concentrated among few. Parekh, ambani, birla etc see only the total wealth, they are not looking at the distribution.


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nitmohan
POLITICAL will is required which is also known as self respect an
by nitmohan on Dec 11, 2011 08:52 AM

POLITICAL will is required which is also known as self respect and national spirit, but it is a GENETIC order, it is not possible with mutated and imported genetic disorders.

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Venkat Duvvuri
Is this so big a deal?
by Venkat Duvvuri on Dec 10, 2011 12:01 PM

Is FDI in retail such a big issue that people have to become emotional and dominate so many headlines? With an assumption of 5 outlets per city in 25 cities with more than 1 million population, we will have a maximum of 125 outlets catering to 12,50,000 clients (assuming 10000 per store) which is an insignificant population of our country. If an investment of USD 50 million per store is foreseen (Rs 250 crores per store), we are talking of USD 6250 million which again is not such a big deal in the overall context. If supply chain and cold storages are a bottleneck, can we not directly invest in cold storages and improve the supply chain with existing resources? Being insignificant, I do not foresee a problem even if FDI is allowed as it will not change the world. However, if focus is energy is required, why not focus this on real issues - whether every citizen of India has access to good quality library, sports facilities, good quality education, etc within 5 kms of residence, whether commute time to place of vocation is within 30 minutes or more, whether people fall sick once every month or every year, whether %age of income spent on taxes is more than 40% and whether we can bring this down to 10%, whether noise level around every residential place is within prescribed decibal levels, etc. Let's dominate headlines on these and similar aspects and real improvement may be seen within our own lifetimes. Fancy words like parliament, democracy, FDI, etc seem a waste of time!!!

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