look at USA the so called mecca of capitalism ? did they allow MNC to run retail stores ? Of course not.....even recently when they r desperate for investment they did not allow dubai based company to buy shipping port !
And what did the likes of walmart do .....they sourced almost all their products from china deciminating jobs in USA.....and destroyed small retail stores increasing unemployment further.....and today USA the biggest bankrupt nation in the world...its just stoopidity to follow such rotten system...only moron & idiots like MMS do it.
we need FDI in software, export oriented business, food processing , Arms industry instead of importing arms like african idiots.....Not in retail to generate jobs for chinese / bangladeshis and export profit after siphoing off profits ferom india.....leading to depreciating of INR and further increase in inflation....negating lower cost gain by exploiting farmers .
MNC are not here to do charity, they are worse than indian retail houses.
Re: Re: Destructive Corporates - Selective Capitalism
by Sreekanth Nemani on Nov 30, 2011 12:31 AM
But, they destroyed 10 times the number of jobs they created. Idiots like you don't count that.
There are many places in the US where the local councils are not allowing walmarts, and here we are trying to sell ourselves to them even after seeing what it does in countries like Brazil, mexico and malaysia.
Re: Re: Re: Destructive Corporates - Selective Capitalism
by yeda peda on Dec 03, 2011 04:02 PM
I am a consumer and i have all the right to have good quality product..why will pay 100 rupees to good worth 2 rupee
Bringing Manufacturing/export units to India like gujrat govt is doing ....creates job and earns forex....
.FDI in retailing destroys existing jobs and profits are exported ....with rupee perpetuatlly depreciating ....the problem is most moron ho don't understand this are supporters of cangrazz....and these same ppl whine about inflation.....depreciating rupee increases cost of imports like oil...leading to inflation.
Re: Who Is Better For India ?
by om shanti on Nov 29, 2011 10:05 PM
I am not congress supporter,but most middle man in retail business are affiliated to BJP and they fund their election campaign and rath yatra by cheat1ng farmers buying their at very low prices.
Re: Re: Who Is Better For India ?
by chinki on Nov 30, 2011 04:44 PM
Dear Om SHanti Do you know, who is Agriculture minister from last 15 years.. He is Sharad Pawar, a seasoned Congress men. And do you think that he would have middle men who gives kick back to BJP, instead of him.. Bulshit.
This is just a big discussion for nothing (or for hiding something - example, see now, nobody talking about scams, price rise and other issues). Chidu already said that if 10 retailers plan to come, he would be happy if even four actually come. Big retailers need to be organized and I am 100% sure that they cant easily beat the dedication and exploitative employing of the local kirana shop. All this discussion happened 10 years ago too then big retailers like Big Bazar, Reliance and others wanted to set shops. But I have not seen one kirana shop going bankrupt. I have not seen any reduction in farmer suicides as well. I have not seen any decrease in prices as well. Frankly, I dont see much changing even if foreign retailers start entering. Already, there are some players like SPAR in the market and I dont think that they are very successful.
Big retailers would be shocked at the level of corruption in doing day-to-day businesses that there wont be many success stories.
Re: Big discussion for nothing...
by om shanti on Nov 29, 2011 10:01 PM
80% Indians buy atleast some items in credit from Kirana(grocery) shops and their names are written in bold in the UdhariKhata( Creditors register) of those shops.Walmart won't borrow any one.So,there is no chance of Maholla(Neighbourhood) kirana shop closing down !!
Why is he thinking India government should work for his benefit? In his own words he is acknowledging that the MNCs will give more money to farmers and still will sell cheap to consumers. That means both farmers and the 1 billion consumers will get benefited. What's wrong with that? He had made enough money. Now he can move to different business or just retire.
The entire middlemen business in India is in the hands of congress (80%-90%) workers or BJP workers (10%-15%). And while it is indeed true that middlemen pay Rs. 3-5 to farmer and sell the goods in cities to customers at Rs. 40-60, dont forget that while middlemen and retailers not only retain a good share of the difference, they also pay their respective political parties a lion's share of the money to keep the machinary well-oiled. And then, there are hundred sources of corruption in the govt machinary - from the babus in finance ministry to traffic police constables - all of who have to be satisfied to continue the business. Do you think that MNCs would not be required to continue paying the share to all these middlemen? And some larger retailers like Wal*mart are known to be hard negotiators who keep their suppliers in tenterhooks. So I wont be surprised if they pay the farmers even less or buy supplies from nearby countries like bangladesh or vietnam at even lower prices and then sell them to consumers at Rs. 60-80 - an increase of 25-35% from the current prices. Whatever happens, I can assure one thing for sure - neither politicians nor corrupt bureaucracy will do anything to shoot themselves in the foot. If they do something, there is surely something in it for them.
Re: ..
by om shanti on Nov 29, 2011 09:29 PM
Workers in grocery shops are paid Rs 2000 salary per month,if they jump to walmart,their salary will get hiked to atleast 10,000
Re: Re: ..
by Jai Babu on Nov 29, 2011 09:37 PM
WHY should I worry if an EXPLOITATIVE Indian businessman is able to earn profits by squeezing his INDIAN employees, avoiding taxes & levys and sucking up to corrupt politicians and whitewashing their black Money??
Re: Re: Re: ..
by om shanti on Nov 29, 2011 09:51 PM
Our people only want to oppose things.This way computer revolution was delayed by 20 years.
They need everything in life but still not ready to change and take up the challenge.They only think about themselves and not the underprivilidged section of the society.
Result of slavery under Moghuls,British and then Congress made many of us cowards and selfish !
Re: ..
by Sreekanth Nemani on Nov 30, 2011 12:37 AM
before cocacola, pepsi .... we had limca, gold spot, thumbs up, maaza .... where are they now? wy are you not talking about what happened to them? For every rupee you spend on a pepsi, how much of it goes outside india as profit? none of these multinationals are listed on the indian stock exchanges, so we indians cannot invest in them and get a share of the profit.
This guys sounds like a fool. If he can dictate the prices by buying in bulk and then offering cheaper rates than anyone else, why can't a bigger company do the same to him. It can't be two set of rules. If you have the better product at a lesser price, the customer chooses you, else you bow out. It's actually quite simple. I remember when government started opening up in early 90s, similar kind of rhetoric was drummed up by all and sundry. The result is for everyone to see; a number of Indian companies are beating foreign MNCs at their own game. Voices like these are meant to be ridiculed and disdainfully rejected in a forward-moving economy like India.
Re: His arguments make no sense
by Jai Babu on Nov 29, 2011 09:28 PM
These Saravans and Sekhar emporiums, Naidu Halls, etc have been EXPLOITATIVE employers! Ask any person who works for them! They have managed to make all this money due to CRONY CAPITALISM and proximity to the RULING PARTY politicians. They flout many laws and suck the blood of their workers and COOK accounts also!
These Retail chains Indian & Foreign will ensure better Sales Tax and Service Tax revenues for the government as most of these CASH & CARRY Kirana shops, Dalals and agents evade taxes & Levys! And about the condition of labourers and employees in this sector, the less said the better! Wont the retail chains and organized purchasing create the need for more services in transportation, storage & logistics and also in food processing, cold storage facilities, etc? And will not the employees in these sectors be better off than they are currently being exploited by the merchant class?
This guys sounds like a fool. If he can dictate the prices by buying in bulk and then offering cheaper rates than anyone else, why can't a bigger company do the same to him. It can't be two set of rules. If you have the better product at a lesser price, the customer chooses you, else you bow out. It's actually quite simple. I remember when government started opening up in early 90s, similar kind of rhetoric was drummed up by all and sundry. The result is for everyone to see; a number of Indian companies are beating foreign MNCs at their own game. Voices like these are meant to be ridiculed and disdainfully rejected in a forward-moving economy like India.
hai - now an indian mnc - sarvana stores - is complaining about foreign mnc\'s? if u remember - when there was regulation we had only the fiat & ambassador cars - which just faded out when customers had a better choice. it is the customer who is the king and not the kirana stores. if u cant keep ur customers by providing quality products and services, u will be finished!
hai - now an indian mnc - sarvana stores - is complaining about foreign mnc's? if u remember - when there was regulation we had only the fiat & ambassador cars - which just faded out when customers had a better choice. it is the customer who is the king and not the kirana stores. if u cant keep ur customers by providing quality products and services, u will be finished!
Re: FDI in retail
by Jai Babu on Nov 29, 2011 09:35 PM
Should we have banned motor cars to protect ox-carts and horse driven carriages?
Remember how many people cried hoarse and there were talks about MASS UNEMPLOYMENT when computerization started in real earnest from the mid 1980s onwards? And look where India is today and how many millions of jobs have been created by the Ifosys, TCS, Wipro, HCL and other companies and right down to the neighborhood cyber cafe!
Dont create the bogey of big retail chains snatching away Jobs and creating monopolies. Even Vodafone is in India. Has it wiped out Reliance, Idea or Bharti? But competition amongst these giants bought down the cost of mobile telephony from Rs 32per minute to 2--30paise per minute. A 3 minute call on the cellphone costs 90paise against Rs 1 from a BSNL payphone!
