we dont require FDI in retail. It is the most useless venture in which eventually prices will move up. Most countries will dump their products in India and Indian industry will suffer. we must first encourage manufacturing in our country. Why cant the likes of Dmart and Big Bazaar go to Europe and beat Tesco/Walmart in their own country. D Mart is the most successful model in the world
Re: very Good decision
by Hebbar R on Apr 09, 2014 06:25 PM
That is right. But it is not just an issue of prices. The lives of many people depeneds on it. People have a grouse against "middlemen" who are supposed to be making money. May be that is indeed true. But, the fact is that these "middlemen" are Indians. In the name of price reduction, how can these Indian "middlemen" be removed and replaced by a MNC. Commodities may become cheaper to the consumer but a lot of people would loose jobs. Contrary to the claim of the FDI supporters, the Farmers may or may not get better prices. The MNCs with their deep pockets would cartelise and ensure that the farmers become subservient to the MNCs. FDI in Retail may be a good idea if the ground realities were not as they are in India now. Next issue is about procurement of minimum 30% localls. What is this "locally"? Could it be CKD/SKD imported from China and marginally processed here?
Re: very Good decision
by Trend setter on Apr 09, 2014 11:21 AM
Indian corporate merely buys cheap stuff from China and dumps it on gullible Indians. How is it better than the MNC ?...
Re: Re: very Good decision
by Hebbar R on Apr 09, 2014 06:27 PM
Yes and that is a porblem. With the present restrictions India is facing such a situation. One can imagine what would happen if FDI in Retail is allowed fully.
should concentrate on FID's in the following sector.
- RAILWAYS (FOR UPGRADATION OF SAFETY, COACHES,RAIL TRACKS, SIGNALS, NEW RAIL LINES) - PUBLIC SECTOR (THOSE LOSE MAKING ESTABLISHMENTS HE CAN INVITE FDI'S ON 49% SHARE BASIS) - BETTER HEALTH (LIKE IMPROVE GOVERNMENT HOSPITALS, PROVIDE SOPHOSTICATED EQUIPMENTS ETC) - ROAD SYSTEMS (NEW ROADS, WITH HIGH SPEED HIGHWAYS CONNECTING EAST, WEST, SOUTH & NORTH) - TOURISM (OPEN TOURISM DESTINATIONS, ETC) - HE SHOULD NOT ENCOURAGE RETAIL MARKET WHICH WILL AFFECT OUR POOR FARMERS, RETAIL VENDORS ETC. -
Re: Anyone left ?
by Dinesh R on Apr 09, 2014 09:17 AM
while i take your point on policy stability, its good to note that they need us and not us needing them. u cannot ignore a 120 crore population with increasing purchasing power. Build the infrastructure for easy movement of goods, simplify tax policies and processes for setting up businesses and amend labour laws and see them line up
Re: Anyone left ?
by arvind gangoly on Apr 09, 2014 10:55 AM
TESCO has failed in the US. Nobody takes them seriously other than India. They are not going to invest a paisa in India
