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  #16  
Old November 29th, 2011, 07:25 PM
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Smile Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by Rakhi View Post
I dont think these big retail stores can hurt the farmers in anyway. I mean, so far they (big stores) have got nothing to do with farmers and yet farmers are finding a market for their produce. They will contonue to do so even after these stores open. I think...
As a lay person, not sure...! Actually, it does seem it is our own government that is killing off our farmers. Apparently due to price controls maintained by the government in a good year farmers are unable to get a good price for their produce like cotton and suffer losses in a bad year. Will big retail chains further hurt our already dying farmers ?

So many issues are there. Will a chain like Walmart try to import cheap goods from say China as their USP is lowest price, hurting our manufacturers (already lot of cheap Chinese goods are flooding the markets here) ?

Yesterday, it was reported that the High Command of Congress(I) party aka Sonia Gandhi has directed the govt to add a clause requiring 30% of the goods to be bought by the retailer from small scale manufacturers in India. Why was not this put in earlier ? Seems like a) the govt has not thought through this fully and b) it is a good thing the opposition is raising a ruckus forcing the govt to make suitable changes.

In 2002 the then NDA Industry minister Murasoli Maran of DMK had proposed 100% FDI in retail but the proposal did not get beyond Group Of Ministers (GOM). BJP had in its manifesto FDI upto 26% but later opposed FDI.

I think in the long run all will have a share of the market - the big retailer as well as the small kirana shop keeper. Govt should take care that farmer or small shop keepers or our local industry is not hurt in the process.
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  #17  
Old November 29th, 2011, 10:58 PM
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Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by Parijataka View Post
As a lay person, not sure...! Actually, it does seem it is our own government that is killing off our farmers. Apparently due to price controls maintained by the government in a good year farmers are unable to get a good price for their produce like cotton and suffer losses in a bad year. Will big retail chains further hurt our already dying farmers ?

So many issues are there. Will a chain like Walmart try to import cheap goods from say China as their USP is lowest price, hurting our manufacturers (already lot of cheap Chinese goods are flooding the markets here) ?

Yesterday, it was reported that the High Command of Congress(I) party aka Sonia Gandhi has directed the govt to add a clause requiring 30% of the goods to be bought by the retailer from small scale manufacturers in India. Why was not this put in earlier ? Seems like a) the govt has not thought through this fully and b) it is a good thing the opposition is raising a ruckus forcing the govt to make suitable changes.

In 2002 the then NDA Industry minister Murasoli Maran of DMK had proposed 100% FDI in retail but the proposal did not get beyond Group Of Ministers (GOM). BJP had in its manifesto FDI upto 26% but later opposed FDI.

I think in the long run all will have a share of the market - the big retailer as well as the small kirana shop keeper. Govt should take care that farmer or small shop keepers or our local industry is not hurt in the process.
It would be difficult to predict right at the start, how things are going to shape up. All the forecasts, etc. can only have a limited accuracy.

Actually it has been happening all through the 20 years of reforms. FDI was supposed to ruin local industry or create more jobs depending on where you belonged.
There were arguments on MCDonalds, KFC, etc.

But overall, reforms with some controls plus the drive in Aam Janta (not counting Suiciding Farmers) to rise up have pushed us somewhere.
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  #18  
Old November 29th, 2011, 11:04 PM
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Re: India's Retail Sector opens up to Foreign Players

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...................... The Walmart and co will need India more than What India neds them. .....
Seems to make sense to some one

FDI in retail to deepen economic cooperation with India: US







US had been pushing for FDI in the retail sector in India for quite some time now. (AP)








Welcoming the decision of the Indian government to allow foreign direct investment in the multi-brand retail sector, the United States said that it will "deepen" the India-US economic co-operation.


"We welcome India's decision. We think economic reforms such as these will further strengthen business-to-business ties between our two countries," State Department spokesman, Mark Toner, told reporters.


"It's going to create new economic opportunities and it's also going to lead to more choices for Indian consumers," he added.


FDI in the retail sector was one of the wish list of the US companies and the US had been pushing for it for quite some time now.


Terming the opposition to the FDI in retail by various political parties as "a reflection of a vibrant democracy that India has", he said "this is part of a vibrant democracy where, you know, opposition parties can speak their mind and voice their concerns. But, you know, we view this, as I said, as a way to deepen our economic ties with India."


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  #19  
Old November 29th, 2011, 11:34 PM
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Re: India's Retail Sector opens up to Foreign Players

I dont understand why Sonia Gandhi "The head of India" directed the govt to add the 30% clause
The Govt does not care about the local production,OK! but why lose on import taxes on the 30% goods.
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  #20  
Old November 30th, 2011, 09:19 AM
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Re: India's Retail Sector opens up to Foreign Players

I think, a very important point, is being not discussed in here......

When around two years back, sugar prices soared like a Agni Rocket, the whole of the corporate world pressured the Pawar=Union Govt., only for that one, to allow import of raw sugar and process it into sugar and in turn get the prices down........that is aim in allowing imports of huge quantity of raw sugar from outside the country.

Now, do u people remember what the all great Multi-Retailers or MNC Retails shops have done. They have imported some thousands of tonnes of raw sugar at dead low price, since they lobby for importing when the prices were just starting to soar. They have tucked it away nice and clean and in their all big go-downs....which very few are aware of....and they allowed the prices to raise like anything. Then they have started using the imported one. At that time the price has already soared to whooping 3-4 times in comparison withe the prevailing price on the day of imports were allowed.

That is only a example of what they can do with their money power and lobbying capacity which no ordinary retailer or kirana wala will not be having even in his dreams......

That is main and fundamental reason why the FDI in Retail sector is not to be allowed in India.......

and also try searching why Walmart got losses in US due to Recession and Farm outlets or something it is called, has started blooming after recession

Last edited by maya; November 30th, 2011 at 09:28 AM.
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  #21  
Old November 30th, 2011, 09:37 AM
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Re: India's Retail Sector opens up to Foreign Players

LK Advani gone mad

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  #22  
Old November 30th, 2011, 09:39 AM
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Re: India's Retail Sector opens up to Foreign Players

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LK Advani gone mad

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looks like a small error has creped into ur post.....instead of Advani....it should be reading as Paranb & PM....
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  #23  
Old November 30th, 2011, 10:01 AM
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Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by maya View Post
I think, a very important point, is being not discussed in here......

When around two years back, sugar prices soared like a Agni Rocket, the whole of the corporate world pressured the Pawar=Union Govt., only for that one, to allow import of raw sugar and process it into sugar and in turn get the prices down........that is aim in allowing imports of huge quantity of raw sugar from outside the country.

Now, do u people remember what the all great Multi-Retailers or MNC Retails shops have done. They have imported some thousands of tonnes of raw sugar at dead low price, since they lobby for importing when the prices were just starting to soar. They have tucked it away nice and clean and in their all big go-downs....which very few are aware of....and they allowed the prices to raise like anything. Then they have started using the imported one. At that time the price has already soared to whooping 3-4 times in comparison withe the prevailing price on the day of imports were allowed.

That is only a example of what they can do with their money power and lobbying capacity which no ordinary retailer or kirana wala will not be having even in his dreams......

That is main and fundamental reason why the FDI in Retail sector is not to be allowed in India.......

and also try searching why Walmart got losses in US due to Recession and Farm outlets or something it is called, has started blooming after recession
Could not understand this. If the MNC retailers were not allowed in India, how could they have done it. If you know so much of detail, could you also drop the names of those great retailers.
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  #24  
Old November 30th, 2011, 07:22 PM
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Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by maya View Post
I think, a very important point, is being not discussed in here......

When around two years back, sugar prices soared like a Agni Rocket, the whole of the corporate world pressured the Pawar=Union Govt., only for that one, to allow import of raw sugar and process it into sugar and in turn get the prices down........that is aim in allowing imports of huge quantity of raw sugar from outside the country.

Now, do u people remember what the all great Multi-Retailers or MNC Retails shops have done. They have imported some thousands of tonnes of raw sugar at dead low price, since they lobby for importing when the prices were just starting to soar. They have tucked it away nice and clean and in their all big go-downs....which very few are aware of....and they allowed the prices to raise like anything. Then they have started using the imported one. At that time the price has already soared to whooping 3-4 times in comparison withe the prevailing price on the day of imports were allowed.

That is only a example of what they can do with their money power and lobbying capacity which no ordinary retailer or kirana wala will not be having even in his dreams......

That is main and fundamental reason why the FDI in Retail sector is not to be allowed in India.......

and also try searching why Walmart got losses in US due to Recession and Farm outlets or something it is called, has started blooming after recession
MNC retailers are already in India - eg Spar, it is the extent of partnership that will be increased I think. I think your example may not be accurate.

The person you are mentioning is indeed a cruel joke on being Agriculture Minister of India supporting the sugar mills and traders lobby to the detriment of farmers. His karma (and all the other corrupt people) will get him one day. Reading about farmers plight is heart breaking - progress required yes, but not at the expense of vast sections of our people.
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  #25  
Old November 30th, 2011, 07:38 PM
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Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by swami View Post
I dont understand why Sonia Gandhi "The head of India" directed the govt to add the 30% clause
The Govt does not care about the local production,OK! but why lose on import taxes on the 30% goods.
swami ji, I used to be a fan of MMS until all the scams surfaced and supported C(I) party for that. BJP, at least in my state has walked the talk - in the short time they have been at helm Karnataka has been top state in many central schemes such as 20 point program, increase in literacy among minority girls (mainly muslim), etc.
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Old December 1st, 2011, 11:10 AM
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Re: India's Retail Sector opens up to Foreign Players

Singh Is KING



FDI impasse: PM Manmohan Singh meets allies, Congress dares opposition to bring no-confidence motion


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  #27  
Old December 1st, 2011, 11:21 AM
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Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by Parijataka View Post
MNC retailers are already in India - eg Spar, it is the extent of partnership that will be increased I think. I think your example may not be accurate.
FDI is right now allowed in Single Brand Retail. e.g. if Apple wants to open its exclusive showroom somewhere, it can do so. I have actually not eard of Spar, but must be a single brand retail or a franchise like Marks and Spencer.

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His karma (and all the other corrupt people) will get him one day.
Reminds me of a Kavi Sammelan i had attended as a kid in 80s.
When a minister dies and his afterlife is to be decided Chitragupta says to Yama - 'Inhone Paanch saal me jitne paap kiye use padhne ke liye Pachaas Saa lagenge'!
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Old December 1st, 2011, 11:22 AM
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Re: India's Retail Sector opens up to Foreign Players

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Originally Posted by swami View Post
I dont understand why Sonia Gandhi "The head of India" directed the govt to add the 30% clause
The Govt does not care about the local production,OK! but why lose on import taxes on the 30% goods.
So that every one gets their 'due'. If there is no clause, who will inspect, who wiill enforce and who wiill collect.
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  #29  
Old December 1st, 2011, 11:30 AM
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Re: India's Retail Sector opens up to Foreign Players

And I used to think you are in your 80s






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Originally Posted by sgars View Post
Reminds me of a Kavi Sammelan i had attended as a kid in 80s.
When a minister dies and his afterlife is to be decided Chitragupta says to Yama - 'Inhone Paanch saal me jitne paap kiye use padhne ke liye Pachaas Saa lagenge'!
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  #30  
Old December 1st, 2011, 01:49 PM
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Re: India's Retail Sector opens up to Foreign Players

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And I used to think you are in your 80s


It is to remove such impression that added 'As a kid'. Anyway, it was early 80s.
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