Competition is GOOD and Progressive and helps to lift better standards of living by offering choice and quality of Goods to consumer and producer
But Govt of India has to put Checks and Balances (Governance and reforms)
also allow local entreprenuers to compete with MNCS
That means Trunk Infra like Freight Rail Power availability
Walmart can bring Millions of dollars and probably purcahse the GE equiptment
Kiranawallah as it is unable to purchase and cannot compete should not happen
Rather he also get Freight rail transport (affordable0 Power at affordable costs
then GOvt of India allow Competition
Then Kiranawallah compete if he cannot then it is not Govts responsibility
But Govt should take responsibility to get freight rail (Indian railways) and State electricity Boards(power) ,that is Govts job ===== But as it is UPA govt is misfit and not eligible to open the FDI in retail
Let BJP led NDA govt take power
we will see sri Yashwanth Sinha frame proper regulation
we will see NDA speed up Dedicated freight corridor (Indian Railways)
apply GUJARAT like power sect reforms
apply Amul like registered coperatives (Kiranawallahs)
Then yes FDI in Retail is a Fair Game baby and will be good
we are not averse to it but it has to be regulated proper checks in place and core infra in place as well
FDI in Retail will certainly have a positive effect on Mittals and it is therefore no wonder that he is supporting this. But, let Mr. Mittal be clear. Either he agrees or opposes. In his views, he agrees where it suits him. But, where he has no answers, he says that India is different. If Walmart was good for the Farmers, why is it that Farmers in US and Europe are getting increased support from the Govt? Why is it that the Govt in US got the infrastructure ready and not Walmart? How will the Govt service the FDI, when profits will be taken away from India in FE? How will the Govt find FE for imports of upto 70% by these FDIs? There is no gurantee that even the remaining 30% will be from locally available materials. Much of this could well be CKDs/SKDs imported from China and assembled in India.
Mittal is hand in glove with Walmart which has already 20 cashncarry stores in India and is even expanding. So he has biz interest in FDI retail, so he will give rosy picture of it.
Real truth Indians know, and hence they are against these Chains.
jobs will be more polished of standing in the malls. chotu, mama, working at retail shop will have to find something new along with their owner of the shop.
The GOIr has made Sales Tax Rules, IT rules, Excise Rules difficult and complex that no body can follow correctly.
Starting any industry, business, taking electrical connections has been made so much difficult.
In stead of allowing Wall Marts to open business in India who are supposed to invest thousands of crores i.e scope of hundreds of crores of bribe the GOI should make laws for opening business and industry so simple that any person with even a thousand rupees is able to open an industry or business without delay and without bribe.
Allowing foreigners and speaking on their behalf smells a rat when no word is spoken for Indian enterpreners.
Not only LOST JOBS for Small Retailers, but this move will also hit customers as well, since all these stores are designed in such a way that all junk is displayed at the entrance - such as Cold drinks, Fried snacks, Juices, Fatty food such as Butters, cheese. But most necessary items such as Grains & pulses are stored somewhere in the corner at the end. So a customer ends up purchasing more of useless items till he reaches Grains, pulses, Cooking oil etc. = This is not the case with our 'Wania' or retailer - since people always approach him with a list of requirements & purchase ONLY REQUIRED ITEMS.
Re: NOT ONLY LOST JOBS --- BUT MORE SPENDING
by rama anne on Oct 02, 2012 12:41 PM
No not so valid point but a bit Humurous stuff should I say Marath Magic or Marathi Manoos
Re: Re: NOT ONLY LOST JOBS --- BUT MORE SPENDING
by mangesh mhatre on Oct 02, 2012 12:50 PM
DO you mean to say that you will refrain yourself from purchasing "American originated" needless stuff from such stores? Looking to the common Indian mentality, my statement is correct.
Lastly - It has always been a 'Marathi Manoos', who has stood against invaders - right from Shiavji Maharaj to 'ANNA' in present days - who have forced govt for 'RTI ACT' - which has brought so many scams to light till date & he is still fighting for Lokpal -which will probably reduce corruption to great extent.
Re: NOT ONLY LOST JOBS --- BUT MORE SPENDING
by rama anne on Oct 02, 2012 12:43 PM
a very hollow argument --- aisles are spread out and can be equi distant from entry points
but it makes people laugh for sure are u having a Good time in Mumbai dear friend
There are instances even countries like Australia did bribe
indonesia to supply Plastic Currency (refer Sydney Morning herlad newspaper)
Philippines Boats contract
Saddam Hussein IRAQ oil for wheat program ,wheat was sold by Australia wheat borad even inspite of UN sanctions (kickbacks paid as well) ---- SIEMENS disclosed it paid bribes in 15 different countries that it operates as well (who knows if India was one of them)refer to BBC news archives
so Given the Notorious Corruption and Indian polity (2g spectrum ,cwg 2010 ,Defense broker scam etc)
MNcs can easily Bribe the establishment ,take Union Carbide Bhopal Gas case
so we need Checks and Balances
that is why people of India supported LOKPAL movement we need the LOKPAL ,consumer protection courts (Fast Track)
only then we can feel confident and open up for fdi in retail
Dear Sunil Bharathi Mittal ===================== In Countries like USA ,AUSTRALIA ,CANADA etc the institutions are empowered
For Exanmple ---- i)Australia has strong Consumer protection courts and checks against Corruption where as INDIA Defence secrets and deals are done by a broker called sri Abhishek Verma (read the news and CBI reports )
2g spectrum ,Coal gate scam etc
so WALMART or others can Bribe We need LOKPAL in place --- Second point is ----- where is POWER in india ,there is shortage ?
UPA Govt missed the crucial power sect reforms
Where is Dedicated freight corridor Delhi Mumbai Corridor got Cabinet approval in 2007 this is 2012 5 years atleast DEDICATED FREIGHT CORRIDOR should have been finished as priority before opening FDI in retail
so Power and Rail transport are missing links ?
so UPA did not do the Governance part properly and it has no basis to open FDI in retail
Let this UPA govt go and Let NDA govt come
they will do Transport and power sect reforms allow Kirana to compete with registered Amul like Cooperatives and then will allow FDI in Retail
Then it will be a Fair game otherwise Dollars or Punds vs Indian rupee is skewed in their favour just as it is Kiranas have no ammunition to compete
he is bound to say this. Bharti group is Walmart partner. So FDI means lot of money for them. They will earn huge once such stores start. He is not realising that local kirana will become workers in their shops. The local kirana shops will shut eventually. It has happen the world over and so why it wont happen in India. Kiaran will loose slowly over a period of time.
Re: billions in making
by Edward on Oct 02, 2012 12:34 PM
I never believe Marwaris like Agarwal, Mittal, Jain, etc. I think they give statements and favor only those things which will help them increase their bank balance
Re: Re: billions in making
by rama anne on Oct 02, 2012 12:39 PM
Not true --- they are business people just like any other Business people across the Globe
how different are Business people from west to east ?
Re: Re: Re: billions in making
by Edward on Oct 02, 2012 12:46 PM
I agree. To these 'business people', NATION do not come 1st. To them, MONEY comes 1st, the means & methods may be unfair.....they are least bothered.
Re: Re: Re: billions in making
by pradeep agarwal on Oct 02, 2012 12:47 PM
Well said Rama.This should instill some sense in this wayward castist missile on net
He can open an Multi Brand Retail of New York.. Does anybody stopped him.. Will he have an intent to do it... One thing that I am sure is Wall-mart may come but our people will drive them out by pelting stones... Let them come and taste our democracy..
