eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > eCharcha Lounge > Crowning Glory

Notices

Crowning Glory A home for our best content ... award winning created by eCharchans!!

Reply
 
Thread Tools Display Modes
  #1  
Old November 24th, 2011, 09:09 PM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
India's Retail Sector opens up to Foreign Players

India opens door to foreign supermarket chains




People shop in the chilled foods section of a Reliance Fresh supermarket in Mumbai October 16, 2011. Credit: Reuters/Danish Siddiqui/Files





By Manoj Kumar
NEW DELHI | Fri Nov 25, 2011 3:55am IST

NEW DELHI (Reuters) - India threw open its $450 billion retail market to global supermarket giants on Thursday, approving its biggest reform in years that may boost sorely needed investment in Asia's third-largest economy.
The world's largest retail group, Wal-Mart Stores Inc, and its rivals see India's retail sector as one of the last frontier markets, where a burgeoning middle-class still shops at local, family-owned merchants.
Allowing foreign retailers to take stakes of up to 51 percent in supermarkets would attract much needed capital from abroad and ultimately help unclog supply bottlenecks that have kept inflation stubbornly close to a double-digit clip.
Wal-Mart hailed the decision, but said it would take a close look at the fine print to see what the decision entails for its ability to do business in India.
Read On
More here
From our Pak Loving Ex Colonial Masters

Quote:


Winner of Crown of the Week (ending Dec 9th, 2011)
- Winner of Crown of the week!
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang

Last edited by swami; December 11th, 2011 at 12:07 AM.
Reply With Quote
  #2  
Old November 24th, 2011, 10:19 PM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

There is a condition of $ 100 Million minimum investment. I somehow read it as 100 million in the Netas and Babu's Kitties.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #3  
Old November 24th, 2011, 10:27 PM
swami's Avatar
swami swami is offline
Super eCharchan
 
Join Date: Mar 2009
Posts: 12,846
swami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

So now again Indian money will go to foreign

BTW just wondering how much they must have paid to Sonia Gandhi and her chamchas to get this order/permission passed.
__________________
There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you.
Reply With Quote
  #4  
Old November 24th, 2011, 11:22 PM
badriprasad's Avatar
badriprasad badriprasad is offline
Junior Member
 
Join Date: Sep 2009
Location: Patna BIHAR!
Posts: 4,937
badriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond reputebadriprasad has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

I don't know wheather to shame you or criticalise you people. Even in your sleep you must be dreaming corruption.

FYI ... this is foreign investment in its pure and simple form. There is no need to pay now ... just yearly sharing of profits in taly or wizerland ought to be sufficient. Many relatives in taly. Many banks in wizerland.
__________________
............................................
दूर से देखने पर तो यही लगता था ... 'वाह! वहाँ क्या मजा होता होगा!'
बुरे फसें 'मजाल', आ कर जन्नत में ... हमने तो सोचा था, कुछ नया होता होगा!
Stupid opinions ... all mine ... worth 2 cents ... you can have for free with a pinch of salt.
"......I can't believe I am saying this..... if you re not humble in this world, this world will thrust humbleness upon you" - Mike Tyson!!!
Distrust Doesn't Hurt - Not As Much as Trust does! - me said first quoted at www echarcha.com
Reply With Quote
  #5  
Old November 25th, 2011, 08:00 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Badriji, it is like - Where there is a smoke there is a fire. We have modified thatto 'Where there is a deal there is a bribe'

Anyway, moving on to other aspects, The this has been welcomed by markets where the Retailers' share went up. It has been critcizzed by BJP and Communists who say that it will play havoc with the Kirana store owners. Also joining them is Mamta Didi


In the short term, consumers will have few more places to visit and hang out. The retailers who set up shops need to be careful

The whole food supply chain is dominated by commission agents and similar mafia who enjoy fleecing both the farmers and the consumers.
They have scuttled some plans of Reliance in UP.
So let us sit back and see how al these unfold.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #6  
Old November 25th, 2011, 08:36 AM
PeaceSeeker PeaceSeeker is offline
In search of peace!
 
Join Date: Sep 2010
Location: Borderline
Posts: 6,175
PeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond reputePeaceSeeker has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Uma Bharti says she will personally set fire to the walmart stores opened in India
__________________
Only peace remains at last!
Reply With Quote
  #7  
Old November 25th, 2011, 10:18 AM
marvelous's Avatar
marvelous marvelous is offline
Senior eCharchan
 
Join Date: Sep 2006
Location: Desert
Posts: 3,151
marvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond reputemarvelous has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by PeaceSeeker View Post
Uma Bharti says she will personally set fire to the walmart stores opened in India
such comments are dangerous for democracy, India/Indians need to be very careful.. even gathering sheeple people for agitation and to protest in peaceful manners is also does not give guarantee that people will not go violent.. not all but few bad elements are always exist in any kind peaceful of mob...

My anxious is general and not biased or any political side.
__________________
nobody is perfect, perfumes that smell the best taste the worse.
Reply With Quote
  #8  
Old November 25th, 2011, 10:28 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by PeaceSeeker View Post
Uma Bharti says she will personally set fire to the walmart stores opened in India
Filling in the blanks --Unless BJP Fund also gets its due.

Quote:
Originally Posted by marvelous View Post
such comments are dangerous for democracy, India/Indians need to be very careful.. even gathering sheeple people for agitation and to protest in peaceful manners is also does not give guarantee that people will not go violent.. not all but few bad elements are always exist in any kind peaceful of mob...

My anxious is general and not biased or any political side.
Do not worry. We have managed to be a democracy for 62 of the 64 years and have survived many violent protests and still have enough candles for the next 100 terror attacks.

If we go back the memory lane, BJP was vehemently opposed to the Enron Project. The only decision made during the 13 Day Vajpayee Govt in 96 was to Clear the Enron Project. So, the big retail wallahs surely would be in contact with BJP.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #9  
Old November 27th, 2011, 11:08 AM
raniraja's Avatar
raniraja raniraja is offline
The Y A W N E S T zzzz
 
Join Date: Jan 2001
Location: Surat
Posts: 9,845
raniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

...and Janta Party in '77 banned Coca Cola and IBM.

But this FDI in retail is prima facie suspicious. Some Congress representative said on TV that it will mean cheaper and better quality goods for the consumers ?? Are the retailers today supplying dearer and bad quality goods ? If yes, then what is the government doing about checking it?

It will benefit the farmers, will it ? So how come the farmers in USA receive government subsidies ?

Public welfare and situation of "Kalavati" is what Rahul Gandhi had said in his speech in parliament 3 years ago when advocating for the nuclear deal. The same Kalavati was 2 days ago shown protesting for better cotton prices in Maharashtra. The nuclear deal hasn't yielded any tangible results so far, nor improved the power situation anywhere in the country.

This FDI in retail thing, they are peddling the hogwash of 30% purchases from local sources. I wonder...
__________________
Nietzsche (1887) : God is dead
God (1900) : Nietzsche is dead
-----------------------------------------
I will not be hurried and I will not be bullied

Reply With Quote
  #10  
Old November 27th, 2011, 11:35 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by raniraja View Post
...and Janta Party in '77 banned Coca Cola and IBM.

But this FDI in retail is prima facie suspicious. Some Congress representative said on TV that it will mean cheaper and better quality goods for the consumers ?? Are the retailers today supplying dearer and bad quality goods ? If yes, then what is the government doing about checking it?

It will benefit the farmers, will it ? So how come the farmers in USA receive government subsidies ?

Public welfare and situation of "Kalavati" is what Rahul Gandhi had said in his speech in parliament 3 years ago when advocating for the nuclear deal. The same Kalavati was 2 days ago shown protesting for better cotton prices in Maharashtra. The nuclear deal hasn't yielded any tangible results so far, nor improved the power situation anywhere in the country.

This FDI in retail thing, they are peddling the hogwash of 30% purchases from local sources. I wonder...
And the successor of that Janata Party ended up letting Pepsi set up shop in 1990. They actually launched on August 15 i remember. And it did force Thums up to make 'Maha cola' (250 ml) at the same price as 200 ml. When coke came in, they went up to 300 ml.

Actually Marks and Spencer has been in India since BJP days, obviusly more as a franchise.

FDI in retail is a long pending reform. In case the country keeps growing at 7%, there will be space for all Indian Retailers, Foreign Retailers and others. The Walmart and co will need India more than What India neds them. And more competition will mean cheaper goods (even if they are .1% cheaper). No sure about quality since retailers are not supposed to be manufacturing stuff.

N Deal alone is not sufficient to imporve power supply. you actually need to build power plants and there is local opposition to all of them ( Kundakulam in TN is one i remember).
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang
Reply With Quote
  #11  
Old November 27th, 2011, 11:33 PM
jeetiaf's Avatar
jeetiaf jeetiaf is offline
Always on target
 
Join Date: Feb 2010
Location: Bidar, India
Posts: 3,823
jeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond reputejeetiaf has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

As far as Nuclear deal is concerned, we are still in set-up mode, facilities are not operational yet, even APJ has tried to convince anti nuclear facility crowd in TN



jeetIAF
__________________
One isn't born one's self. One is born with mass of expectation, a mass of other people's ideas- and you have to work it all.- Sir VS Naipaul
Reply With Quote
  #12  
Old November 28th, 2011, 10:09 AM
sgars's Avatar
sgars sgars is offline
 
Join Date: Jan 2007
Location: Mid West
Posts: 8,240
sgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond reputesgars has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Relaized my previous reply was more general so doing it again.
Quote:
Originally Posted by raniraja View Post
Are the retailers today supplying dearer and bad quality goods ? If yes, then what is the government doing about checking it?
Not necessarily. But things are much better than in 80s when the small change was swallowed and many things like Cold drinks were sold above MRP. This is because Food world, etc have come in and there is coompetition in general (i.e. more kirana stores are opening).


If Foreign retailers do come in, it will somewhat add to competition. I would say, not much since there are already many players and some in fact have retired hurt (like Subhikhsha). One beneift i can see like in other cases is that if Indian Retailers mange to compet with the foreign players, they wil gain similar confidence to venture overseas. We may see a westside or spencers in London (they anyway sound like english names).

And about Govt doing something about it - well If it starts doing the usual stuff - Proce Control and sending insoectors to enforce that, we know what would come out of it.
__________________
This is quite a game, politics. There are no permanent enemies, and no permanent friends,only permanent interests. - Some Firang

Last edited by sgars; November 28th, 2011 at 07:23 PM. Reason: Added the govt doing about it part
Reply With Quote
  #13  
Old November 28th, 2011, 04:59 PM
Rakhi's Avatar
Rakhi Rakhi is offline
Senior eCharchan
 
Join Date: Jan 2009
Posts: 9,702
Rakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by PeaceSeeker View Post
Uma Bharti says she will personally set fire to the walmart stores opened in India
She did? And she is educated?

I wonder what these retail stores will sell. I mean, would they sell Indian stuff at cheaper prices or imported stuff at higher price?

There was this store in Bangalore; supposed to be a part of a UK based chain (Waitrose I think, a small part of Foodworld in India) which used to sell really expensive stuff. Even cereal was like Rs.300. So, even if walmart opens up, I would be interested in knowing the prices before getting exited.
Reply With Quote
  #14  
Old November 28th, 2011, 07:43 PM
Parijataka's Avatar
Parijataka Parijataka is offline
aam aurat
 
Join Date: Oct 2010
Location: Bharat
Posts: 758
Parijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

There are pros and cons to this issue. The government claims there will be humongous job creation. Doubtful, if it was some kind of manufacturing activigy taking place maybe with large factories employing large number of persons. Whatever employment generation takes place will be of at least reasonably educated persons.

Generation of storage and infrastructure. Reliance Fresh and other retail chains, from what I have read on the net, are said to reject a large %tage of the produce that farmers bring in. They have not built storage or infrastructure to help farmers. And why should they, they are in the business to make money not help farmers. I expect Walmart and other foreign players to do the same.

I dont expect the foreign chains to hurt the existing retail too much , i.e. local retail chains and kirana stores, as these are expected to come up in big cities and kirana stores will always have their clientele. Will it hurt our farmers, maybe.

Here is a politician who opposes FDI in retail and backs it up with action on the points she opposes.
===================================================
Ms. Jayalalithaa said the purported intention behind the move seemed to be bringing more foreign investment to India and to bring down double digit inflation which was mainly “due to the series of policy blunders” made by the Congress-led UPA. The Centre “should realise that constraints on farm products on the supply side, cannot be addressed through the FDI route, but only by squarely addressing the infrastructural constraints through appropriate policy support.” Elaborating on her contention, Ms. Jayalalithaa mentioned the cases of the UK and Thailand where retail chains reportedly controlled the major share of the market. She said the MNC experience in many countries showed that the “price mark up by such MNCs is much higher than what is being charged by the small vendors.” Holding that “any amount of safeguards will not be any use in protecting the interests of the domestic sector,” Ms. Jayalalithaa demanded that the Centre’s decision be reversed.

“The Centre’s announcement has come as a thunderbolt and shocked millions of small vendors who have been completely taken off guard,” she said. As the decision would affect the livelihood of millions of small departmental store owners and “completely destroy the unorganised retail sector within the next couple of years,” Ms. Jayalalithaa said she strongly opposed the move to open up the retail trade to Foreign Direct Investment.

link
======================================================

TN to set up 50 grain storage godowns to help small farmers

In a move that will help small farmers store their produce when the market price is low, Tamil Nadu Chief Minister Jayalalithaa on Sunday ordered to set up 50 grain storage godowns at a cost of Rs 82 crore.

“In order to better protect the produce of small farmers, aid their financial growth, help them sell their produce at a reasonable market price after the harvest and help them relieve themselves from the burden of loans, the government will open 50 grain storage godowns,” an official release said.

These modern godowns will be equipped with weighing equipment, weighing stages and grain moisture testers, it said.
Five godowns with a total capacity of 10,000 tonne with lorry parking facility at a cost of Rs 25 crore each will come up in Erode, Madurai, Thanjavur, Cuddalore and Villupuram districts.

Eight godowns with a total capacity of 5,000 tonne with lorry parking facility at a cost of Rs 20 crore each will come up in Tiruvannamalai, Villupuram, Coimbatore, Erode and Thanjavur districts.

Godowns with a capacity of 2,000 tonne at a total cost of Rs 37 crore will come up in 37 places across the state, it said.

link
Reply With Quote
  #15  
Old November 29th, 2011, 02:37 PM
Rakhi's Avatar
Rakhi Rakhi is offline
Senior eCharchan
 
Join Date: Jan 2009
Posts: 9,702
Rakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond reputeRakhi has a reputation beyond repute
Re: India's Retail Sector opens up to Foreign Players

Quote:
Originally Posted by Parijataka View Post

I dont expect the foreign chains to hurt the existing retail too much , i.e. local retail chains and kirana stores, as these are expected to come up in big cities and kirana stores will always have their clientele. Will it hurt our farmers, maybe.
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...
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
US retail giants to boycott Indian leather shahenshah Taaza Khabar - Current news 10 December 19th, 2011 01:42 AM
Wal-Mart ties up with Bharti for Retail Venture Cooldude Economy 8 November 27th, 2011 11:38 AM
Buy sex toys at retail stores in 'bold' Tamil Nadu echarcha Cultural Exchange 4 September 5th, 2011 02:59 PM
Reliance commences first phase of retail venture Gr8_Hindustani Economy 4 December 6th, 2006 11:52 PM
Jobs abound in India's tech sector vipul Taaza Khabar - Current news 3 October 4th, 2003 01:10 PM


All times are GMT -7. The time now is 08:07 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.