Indian Government announces FDI in many industries!!

[ajtr]

Goods will come from China, ownership will go to US & Eu &,India will become a nation of sales boys & girls - Arun Jaitley

well said

Instead of crying foul why dont india strengthen its manufacturing sector.

 

[ajtr]

Foreign Direct Investment in multi-brand retail, aviation: Who said what

New Delhi: The Manmohan Singh government followed up Thursday's politically tough decision on fuel with another reform-oriented policy move - to allow foreign direct investment in multi-brand retail and the aviation sector. Here are some of the reactions on the decision:

Mamata Banerjee, West Bengal Chief Minister and Trinamool Congress Chief (on FDI in retail): We cannot support price hike on diesel and reduction in subsidised LPG cylinders. Today, a decision has been taken allowing FDI in retail sector. It is a big jolt. We are really sorry. We cannot support anything that is against the interest of the poor and common people. (Ms Banerjee issued this statement on her Facebook page)

Montek Singh Ahluwalia, Deputy Chairman, Planning Commission (on FDI in retail and aviation): This is just the government taking decisions on issues in the pipeline. I am glad. They have been long awaited. The reason why it was held back is because the government wanted to consult with chief ministers. Many of them agreed. It is going to have a very positive effect in reforming retail...(I) don't want to speculate on the timing. I don't think it has anything to do with a downgrade. It's not that we didn't want to do it. Earlier, we had put it on hold because the ministry felt it needed more consultation. There are still some who don't want the policies.

Mayawati, former Uttar Pradesh Chief Minister and Bahujan Samaj Party chief (on FDI in retail): Congress has made quite a few decisions which are against the common man. We condemn the implementation of FDI. We had opposed it earlier and we will oppose it now as well.

Akhilesh Yadav, Uttar Pradesh Chief Minister and Samajwadi Party leader (on FDI in retail): We will not allow FDI in Uttar Pradesh. But what about the stores that have been started by the previous BSP government.

Mohandas Pai, Chairman, Manipal Education Services Pvt Ltd (on FDI in retail and aviation): Dil maange more. The main Opposition has made up its mind to discredit the govt. The govt has to stand up for what it stands for - the allies have their own agenda in the states. We need 9% growth.

Ravishankar Prasad, BJP spokesperson (on FDI in retail) : The timing of this decision is important as it came to divert attention from the scams. You've got FDI in retail to please the foreign media and foreign investors. FDI in retail has been opened to gain brownie points as PM was recently criticised by the foreign media. The government says middlemen will vanish but that is not going to happen. Wal Mart and other big companies are not concerned about the farmers, they only want profit.

Rajiv Pratap Rudy, BJP spokesperson (on FDI in retail and aviation): Manmohan Singh has failed as PM. Now he is just bringing policies that will burden the common man further. The government has failed at a macro level.

Balbir Punj, BJP spokesperson (on FDI in retail and aviation): Even the government's allies are against it. The PM has gone back on his own words. This will hurt millions and millions of people. The government has not tried to build consensus and gone ahead with the decision. We will fight the decision. This has been done to divert attention from the coal scandal.

Kunal Ghosh, MP, Trinamool Congress (on FDI in retail): Mamata Banerjee and Trinamool Congress are totally against this decision. We will not implement this. We will stock of the situation and come to a decision.

Anand Sharma, Commerce Minister (on FDI in retail): For unanimity one can wait in perpetuity. This is an enabling move. There was broad consensus. It is Mamataji's prerogative and the prerogative of the govt of West Bengal to implement or not implement it. The Prime minister has sent a message that this government thinks about the people. These decisions will resonate globally.

Anand Sharma, Commerce Minister (on FDI in retail) to NDTV: We have consulted everyone. We have faced only political opposition; BJP's was political opportunism. Trinamool had reservations. We recognise the rights of the state who don't want it (FDI in multi-brand retail). Similarly, we have to respect the states who choose to implement it. In other countries where this has been implemented, there have been no conditions. We have put in conditions, we have made it India-specific. There is no question of going down. We will go up. We are conscious of the people's needs and aspirations. These decisions are made looking at India's interests. We have never said we will roll-back; our efforts to build consensus was sincere. Consensus should not be confused with unanimity. National , major policies are not made every day like a morning cup of coffee.

Nitish Kumar, Bihar Chief Minister and JD(U) leader (on FDI in retail): It's suicidal for the UPA government. It seems the the Manmohan Singh government has realised that it's time to leave; so every day they are taking one suicidal step.

J Jayalalithaa, Tamil Nadu Chief Minister and AIADMK chief (on FDI in retail): My Government will never allow FDI in retail trade in Tamil Nadu. This decision is totally undemocratic and against public interest. The UPA Government has been making blunder after blunder by adopting many anti-people policies and this latest decision will only add up to one more such serious blunder committed by the Central Government, which seems to be totally unmindful of the interests of the common people.

Narendra Modi, Gujarat Chief Minister and BJP leader (on FDI in retail): I don't know what the Prime Minister is doing. Smalltime shopkeepers will have to close down due to this decision. Cheap goods produced elsewhere will be dumped in India and it will affect the manufacturing sector of the country as manufacturers of small items will find it difficult to survive. This will lead to massive job losses for the youth.

Raman Singh, Chief Minister Chhattisgarh and BJP leader (on FDI in retail): We will not let such a decision to come in Chhattisgarh.
D Raja, National Secretary, CPI (on FDI in retail): This is not good for the small and marginal farmers. Government is acting in the interests of corporates and investors.

Sitaram Yechury, Left leader (on FDI in retail): It's the most disastrous decision as far as India is concerned. What the Manmohan Singh government is doing is at the expense of the people.

Venugopal Dhoot, Former President Assocham & CMD (on FDI in retail): Some kirana walas may have a problem and the govt should have a scheme to compensate them. Definitely there will be 5 per cent reduction in price and inflation will come down. Public at large will benefit from the investment in sector. There will be choice.

Captain GR Gopinath, founder of Deccan 360 (on FDI in aviation): The orders issued is very good for the sector and, importantly, for the common man. As long as it's an Indian-owned company, it is a good move... hope there is no retraction in the policy.

Rakesh Biyani, Joint Managing Director of Pantaloon Retail, India (on FDI in retail): It is clearly a welcome decision. This will address the supply-chain problem that existed in food chain. It is of course the state's decision, if they want farmers to have better value.

Kishore Biyani, Founder & Group CEO, Future Group (on FDI in retail): You create services, create jobs. Overall it's a win-win for all. I don't think it is in the interest of any country to push people bringing in investment away.

 

[INDIC]

Farmers hail FDI in retail as politicians continue to fight

Hapur: The SMS from Sunhara Walmart is the gateway for modern retail and better prices for 54-year-old Santosh Lata and 150 other farmers of Hapur on the suburbs of Delhi. Santosh and many other women like her get on to harvesting vegetables from their farm, load them in bullock-cart and bring to a collection centre. The project is funded by the Walmart Foundation.
Santosh says, "Earlier we used to send the vegetables to mandi. It wasn't good. Sometimes we would get Rs 50, sometimes Rs 100. We would not earn any profit. Bharti Walmart has helped us earn profit and we are very happy with it."
In just a matter of six months, the project has brought 800 such women farmers from eight villages in Uttar Pradesh under this programme.
When MNC retail chains buy directly from farmers, something that Bharti Walmart is doing here in Hapur, then the need of middlemen or the commission agent gets eliminated which saves these farmers from lot of botheration and wastage of their product.
In a usual supply chain, the farmer who does the maximum investment and puts in all the hard work gets just about 20 per cent of the whole price and the commission agent takes about 45 per cent of the share.
Santosh is getting paid Rs 3300 for 4 days' supply. In mandi she would have earned not even half of this amount
End users also have an advantage as quality is strictly taken care of.
Laxmi Jan Seva Sansthan secretary Neelam Tyagi says, "Earlier the farmers were growing vegetables at their level. But ever since ASI, Bharti Walmart have come, the quality of the produce is being taken care of. Harmful chemicals are not used. The quality of the vegetables here is differnt."
As the government puts FDI in retail on hold, there are some who are seeing value and freedom from middlemen in modern retail.

Jai Jawan, Jai Kisan.

 

[ajtr]

Jai Jawan, Jai Kisan.

sabse oper pahalwan....

 

[ALOK31]

Allies shy of pulling trigger, help UPA government survive reform storm - The Times of India

 

[illusion8]

Altough I don't have a survey report here but I think 70% products sold in Super markets are Made in India products other than some really cheap junk, trinkets or electronics that's imported from China. More retail outlets will give a direct boost to the local manufacturing sector.

 

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Bharti Agri Centre of Excellence, Ludhiana

 

[Phoenix89]

Am I the only one who thinks this Mamata b**ch is a peice of s**t who needs to STFU??! Does she want economic growth or not? Also the politicans of India are too selfish and egotisitic to look beyond their own noses and see the bigger picture. If the BJP is so "pro-Buisnees" wtf is it opposing this? Once again oppostion just for the sake of oppostion.

I Second that emotion

 

[Backbencher]

Hahaha made my day

 

[Che Guevara]

 

[Che Guevara]

 

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From his speech

The central message of the Plan is that we can achieve our objective provided we put in place policies that will take care of our weaknesses. To emphasise the role of policies, the Plan for the first time presents alternative scenarios.

Scenario two is called "insufficient action". It describes a state of partial action on policies with weak implementation. The virtuous cycles that reinforce growth in Scenario-I will not kick in, and growth can easily slow down to 6 to 6.5 percent. Inclusiveness will also suffer. This is where we will end up if we slip in implementation, and make only half-hearted efforts. It is my sincere hope that we do not do so.

Scenario three is called "policy logjam". It reflects a situation where for one reason or another, most of the policies needed to achieve Scenario 1 are not taken. If this continues for any length of time, vicious cycles begin to set in and growth could easily collapse to 5 percent per year, with very poor outcomes on inclusion. I urge everyone interested in the country's future to understand fully the implications of this scenario. They will quickly come to an agreement that the people of India deserve better than this.

I believe we can make Scenario I possible. It will take courage and some risks, but it should be our endeavour to ensure that it materialises.

 

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[Abingdonboy]

Yes Mamata! Please STFU and be a mute spectator! Please! We all frikking hate you!!

I don't understand- if this is true why does she keep getting elected?

 

[El Weirdo]

Small retail shopkeepers will be affect because of this FDI?

To be quite Honest... I dont really care abt Lala`s at Kariana stores... those r@scals.... Paid Little or NO tax ALL THEIR POXY lives and so did their dad and grand father and now their sons...
My dad works as a Manager in a bank and my Mother is a Govt Teacher... Now... they have paid MORE TAX in their life than perhaps 20 small kariana stores paid in their life time of sales (2-3 generation).. So I m a happy Fekking camper... now these b@stards will bleed thru the noses... when their sales go down..

Karma is a Sweet thing!!!

Also someone asked in this Thread why did Wall Mart failed in Germany...
many reasons- but the main one I find is the Americans cud NOT understand the German market properly and other big reason. there are abt 15 BIG CHAINS IN Germany , Alike Wall Mart.. they ALL gave Wall mart a run for their money... with Low prices etc..
Did WALL mart NOT think why do TESCO does NOT have ANYsore in Germany before opening up their stores?
(and hey Germans are NOT used to buy Sh!tty stuff ...Only my rough Guess)