While politicians in India are wagging at each other on
their stand on multi brand retail in India, foreign investors are keeping their
eyes and ears open, and will perhaps jump on the very first opportunity. But
who will make the most?
The decision by foreign companies to jump on the cake will
be eagerly awaited even by the economists, the politicians and the business
houses alike. Since, there is a likelihood of an investment of 49% by the
Indian firms, there will be a lot of pushing and jolting to gain the access of
the benefits of 49% reserved for Indian firms and subsidiaries. And there will
also be a lot of talk on Indian economy.
As soon as the reports first circulated in the media about
the possibility of foreign direct investment in multi brand retail, the first
name that has started making the rounds is Wal-Mart. Since, Wal-Mart is already
doing business in India with its tie up with Bharti Airtel, now the time has
come for the company to open retail outlets in different cities across the
country. The expectations in the multi brand retail in India is bound to soar,
there are talks that Wal-Mart will come up with retail outlets in at least 22
cities, though, the company has repeatedly declined to come out with figures.
Some say that the foreign direct investment operations of
51% announced by the Indian government is perhaps, the kind of impetus, which
was very much needed for the Indian economy. There are also two other major
retail outlets giants waiting to spread their wings in India, Tesco from UK,
and Carrefour from France. But Wal-mart
is already way ahead, and the reports have been pouring in that Wal-Mart might
be up and running in the multi brand sector within just a year.
Wal-Mart stores president and CEO for Asia, Scott Price is
upbeat about the chances its company will be trying to grab. He has said that
he will be gearing up for talks with states that have allowed foreign direct
investment in multi brand retail and he would seek permission to open its
retail outlets across India in the next 12-18 months.
He has also reiterated that Wal-Mart will continue to
operate in India through its present Indian partner, the Bharti enterprises. He had however,
declined to come up with exact figure of the number of retail outlets he plans
to open in India.
2 comments:
Hi,
This is gonna shock all of you , out of
your pants.
It was decided in the Bilderberg club long
ago, to gate crash into Indian economy, by a conspiracy.
If you want to know what this elite club
is –
Punch into Google search
THE SHREWD CLUB WITHIN THE NAÏVE BILDERBERG
CLUB- VADAKAYIL.
And if you want to know how the Bilderberg
bankers control the world using their stooges on the PM’s and Presidents chair—
Punch into Google search
THE MURKY TRUTHS OF INFLATION AND
GLOBALISATION- VADAKAYIL
The banking cartel had been given a toe
hold in India, by giving away FDI in multi-brand retail and FDI in insurance.
Insurance affects transport costs and
trade costs -- it requires perception to
understand all this.
We are confusing GDP with economic
progress. We are destroying
entrepreneurial activity and eating our own children. Fitch ,
S&P and Moody’s are bouncers for the banking cartel. The economics of Rothschild’s Indian alchemist
Manmohan and his gunslinger Montek is VULGAR pseudo science.
The Indian intelligentsia must wake up!
DORKS shall lay off !
Capt ajit vadakayil
..
You may have your own opinion, but you should never forget
that Prime Minister Manmohan Singh is the one who gave India the path to
globalization in the 1990’s with his creative and innovative financial policies.
If he thinks that he could come up with a policy now that could make a difference,
then there is a reason for him to do that. Also, he has the credentials for us
to believe him.
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