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Is FDI 51% in retail sector an international conspiracy?

All big multinational stores have been buying goods to sell in their exisiting market which are manufactured in China and exported at cheaper rate. China is on the top of manufacturing and selling goods at cheaper rate. Indian manuafcturers and sellers can not stand infront of them, then like USA, Europe & African countries all the manufacturing units will be on the verge of collaps once these big multinational companies start operating in our market, although these stores will pay more import/custom duties set by central Govt. taking into account of domestic manufacturing and selling price of goods but in that sense Central Govt. will get revenues/duties benefits not the states ans its people where these are imported and sold which will again damage domestic manufacturing units and thereby losses of crores of jobs directly or indirectly; Ultimately they have to close down like in USA, Europe or other countries where manuafacturing units have been reduced due to higher overhead costs. 51% FDI in retail will give immense opportunities to China economy as Indian market is vast and larger after China. This is International economic conspiracy to pull down the legs of India for which USA is being pushed by China, everyone knows that China has financed USA to recover from American financial crisis, so they have to listen to them! Lobbies are being done by USA indirectly China to open Retail markets for Multinational. China has immense capacities to build 'China malls' 'China retail market' 'China chains of stores' all these they do it by their own money in collaboration with local partners but ultimately chinese goods are bought and sold.

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Permalink Reply by Munna Lal on November 28, 2011 at 4:55pm

Yes, FDI is a dangerous thing for India in the present circumstances. When majority of Indians are illeterate and half educated, have no self confidence, are quite happy with mediocrity and proud to use locally manufactured shabby goods which even the citizens of Fourth World countries like Eritiea, Sudan, Yemen will not touch, then FDI is Hara Kiri for Indians. Beside, most of them being half educated do not even know or understand what FDI means, let alone its benefits to India and Indian consumers. When one is happy to buy and eat adulterated foods and rotten vagetables, then we do not need FDI, Wall Mart, Tesco, Marks and Spencer. No, We are Indians, We prefer to be half educated. We like to live in the era of Emperor Jehangir.

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Permalink Reply by Shalu Sharma on November 28, 2011 at 5:43pm

In India the retail sector, specially corner Kirana stores around the neighborhood provides employment and business to many a people. Allowing FDI in retail sector may help consumers to get the products cheaper with better accountability on quality etc. The puppet called Manmohan Singh who is a poodle of the Gandhi family only listens to the USA. Jobs and livelihoods are at stake.

Only idiots will want likes of Tesco and Wall-Mart in India. Tesco and other major retailers have completely destroyed the corner shop culture in the UK. This is not what we want in India. Here we will get lots of chest beaters about how good this will be for India but all they want is cheap goods without thinking one little bit about the poor farmer and retailers.

Any way the Indian parliament is only diverting the attention to avoid LOKPAL.

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Permalink Reply by Munna Lal on November 28, 2011 at 7:04pm

When one doesn't know the workings of a Wall Mart and Tesco, then it is easy to indulge in imaginary disadvantages of these Supermarkets. Me, having lived and studied in the West and Economics being my main subject, can tell a lot about the revolution these supermarkets will bring to India. One only see the football pith size supermarket. They do not know what happens behind to sustain such institutions. They go to the producers direct skipping middleman and pay fair price. They advise and help farmers to increase produce and improve quality. They have cold storage godawn, refrigerated lorries and airplanes, removal men, office workers, labourers, skilled mechanic to repair machinery, lorries, transportation people. And all these besides a handfull few in the supermarket like check out girls, manager, supervisors, trolley men etc.
What you get is fresh, quality product which is supported by thousands of employees. Everyone benefits. The owners of corner shops in India can hardly earn enough to live a decent life. And stop writing fibs that corner shops have died in UK. This is a lie. They thrive in small towns and villages. In fact many people prefer to shop in these corner shops. All these little shopowners and rickshaw walla will find well paying jobs and get out of poverty. And you can very well continue buying from small shops in Patna. Choice is yours. But make no mistake, Neither Wall Mart nor Tesco will be coming to Patna in near future. They go where people have spending power. How many people have spending power in Patna ? And again, one buy things from supermarket on weekly basis. And one need a fridge or feezer to store them. Indians have habit of buying on daily basis. That habit has to change.

Munna Lal
MA, MA, MBA

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Permalink Reply by Shalu Sharma on November 28, 2011 at 7:43pm

The trouble with many people is that they consider the rest of the world as fools. Many people have visited UK and USA. I have relatives in the UK whom I visit on a regular basis. Tesco and Asda is no surprise for me. Many Gujarati communities who set up corner shops in the UK lost their livelihood due to Tesco taking over the world. Living in the West or studying economics means nothing.

You can read some of the concerns traders have due to Tesco's imperialism. Yes some of the things are true but they have one thing in mind profit, they will sell anything everything. Tesco is the new East India Company. BEWARE

http://www.readingchronicle.co.uk/news/reading/articles/2011/11/12/...

http://www.thisisleicestershire.co.uk/Traders-concern-new-Tesco-sto...

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Permalink Reply by Ram Prakash on November 28, 2011 at 9:38pm

O Mota bhai Walmart Fartmart bhand mei jaye. We will oppose tooth and nail.

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Permalink Reply by Munna Lal on November 28, 2011 at 9:49pm

Oey CHHOTA Jantu Bhai. Tumhara buddhi bilkul khota hai. So, like all other politicians who are opposing FDI, you too has jumped on band wagon. All of them are queueing up before Wall Mart and Tesco. They will get their 10% commission. Then they wll sing their praise, pick up a trolley and get in for shopping. Get this truth in your thick brain.

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Permalink Reply by Ram Prakash on November 28, 2011 at 10:50pm

Abe motka saala chutiagiri bund kar. jitna ganda tu dekne mei hai, utna ganda tumhara vichar hai.

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Permalink Reply by Ram Prakash on November 28, 2011 at 10:52pm

Wheat, current domestic rates are 11-12/- per Kg. to farmers (depend on state to state, some states gov are giving much higher) and international 8.7/- per Kg. what Wal-Mart will do? will purchase from India or import from aboard. Definitely this will be the part of the 70% those commodity which FDI have privilege to import. Simply suggest either farmers will be in loss or government will subsides it by tax payers money and even then let it be rotten in warehouses. Over that FDI will import it, make profit and take a share to their native countries. If we have to pay in term of tax, why not we directly pay that to our farmers and middleman. This is just a one example. We could be in profit if we are bulk and cheapest producer, that we are not at all.

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Permalink Reply by Ragini Bhatiya on November 28, 2011 at 10:54pm

In Canada and Mexico Wallmart has already killed the entire local small scale industry and local shops. If allowed to enter in India, for sure in 5 years time Wallmart, Carrfore & Tescos will kill the entire retail businesses in India such as Bangle Stores, Kiranas, Sweet Stores, Shoe marts, Clothe Stores, Stationary shops, etc. this could lead up to 50 million Indian loosing their livelyhood, unfortunately in India there is no way to upskill/cross skill for these business owners. Sad...

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Permalink Reply by Rajesh K.Pathak on November 29, 2011 at 10:52am

Retail business means selling of any tangible goods from a fixed place which could be departmental stores, boutique, kioske, mail, B2B etc.. There are various types of retail establishements e.g.departmental stores, discount stores, super markets, variety stores, warehouse stores, specialities stores, hypermarkets, Malls, e-tailers, Vending machines, convenience stores, general stores. There are many big international Players e.g. Fred meyer, Carrefour, Wall marts, K-Marts, Targets, Tesco, Auchan, Geant, Casino, Lotte mart, Marks & Spencer, Hyper Panda, and many more.........

There are many Indian Stores e.g. Dmart, Big Bazaar, Trent, Landmark, Star Bazaar, .More for you, Spencer's Retail, Hyper City, Vishal Megamart, Metro Cash and Carry, Reliance Fresh, Trends, SPAR, Shoprite Hyper-Mumbai, V Mart-Delhi and many more..........

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Permalink Reply by Rajesh K.Pathak on November 29, 2011 at 10:57am

These retailers sell grains and food products, electronic, electrical, furnishing, furniture, hardware, clothing, apparel, sporting goods, cosmetics, stationeries, books, megazines almost all daily use items………

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Permalink Reply by Shalu Sharma on November 29, 2011 at 3:15pm

Why do India need FDI in everything? When will India stand on our own? To me it appears that india and her freedom is being sold in piecemeal. The British entered India using the same tricks (by obtaining licenses) from the Rajahs.