Singh Retail Retreat ‘Nail in the Coffin’ for India Opening

[IndoCarib]

Areey Bhai ,Walmart isn't going to be another reliance fresh or BigBazar.

Walmart will take over the whole back end chain and cut the middle men to buy cheap from the the manufacturers and the farmers. Walmart does that everywhere very successfully.

Once they start selling cheaper than neighborhood Kirana shops ,kirana shops will have no business left to do.

Also Kirana shops will then have to buy things from Walmart as there are no middle men left expect the walmart.

Elimination of middle men is good because it fetches good price to farmer's products. That is why farmers are supporting this FDI in retail move. And it has been told umpteen number of times that foreign retailers will come to big cities only , not to small towns or villages.

So dont worry about kirana shops. Be happy for the commmon man of India who will get goods for cheaper price and farmers who will get more profit .

 

[Maritimer]

This whole idea that kirana stores will close down is a myth. We have seen the malls and organized Indian retailers have grown side-by-side with the kirana stores over the last decade. A few large format joint ventures in the outskirts of big cities is not going to take away any business from the small stores that are spread across villages and towns. Ever-growing demand in the Indian market is large enough for small, big and medium sized stores to co-exist.

This FDI in retail is in no way going to solve all our problems, but it will bring in the much needed foreign capital to arrest the slide in the currency value and also create a mandatory back-end infrastructure that is currently lacking in India. 100% FDI in single-brand retail has also passed the cabinet, but nobody is talking about it. Haven't the local jewelers, cloth merchants and footwear vendors survived the competition from the single-brand retailers? Or for that matter, haven't the road-side tea shops and eateries survived the competition from Barista, McD, Pizza Hut?? Moreover, the large Wal-mart kind of stores would have to be located faraway from city centers and can never provide the convenience of the kiranas. It's time for India to open up this sector, and wisely so the Govt's proposals include enough safeguards.

 

[janon]

The attitude of political parties (especially the opposition this time) wants me dedicate this classic monty python clip to them:
An Apology - YouTube

 

[harpoon]

Areey Bhai ,Walmart isn't going to be another reliance fresh or BigBazar.

Walmart will take over the whole back end chain and cut the middle men to buy cheap from the the manufacturers and the farmers. Walmart does that everywhere very successfully.

Once they start selling cheaper than neighborhood Kirana shops ,kirana shops will have no business left to do.

Also Kirana shops will then have to buy things from Walmart as there are no middle men left expect the walmart.

My family also owns some agricultural fields. So if tomorrow Walmart comes and gives me a good price for my agricultural products, I will wholeheartedly sell my produce to them. I don't find any problem with this.

 

[IndoCarib]

It is funny that some people are worried about kirana shops, when the common man of India can get grocery for cheap and farmers get a better prices for their yield

 

[janon]

My family also owns some agricultural fields. So if tomorrow Walmart comes and gives me a good price for my agricultural products, I will wholeheartedly sell my produce to them. I don't find any problem with this.

I believe you are from Kerala? Then sorry to disappoint you, but no foreign retail shop is coming there. Both congress and communists in Kerala have vigorously opposed this. Even if it goes through at the national level, it is up to the state governments to allow it in their states. I regret to inform you, but Kerala will be the last state to let FDI in retail.

 

[JayAtl]

It's good for the farmers who have to commit suicide for not being able to pay off the loans. The farmers themselves have supported it.

It's good for the consumer who has to pay through his nose for almost everything. A kilo of potato, for example, sees almost double a price jump just in reaching from the Azadpur Mandi in Delhi to the neighbourhood local veggie shop.

Everybody else can go take a hike.

The only ones protesting are the middlemen who make merry by bleeding both the farmer and the coinsumer.

I don't remember the last time I saw these middlemen speak for the consumer.

Its myth that FDI in retail will help farmers and agriculture prices.

Walmart sells many things and agriculture products is tiny 20% of what they sell. So positive impact will be minimum. That too go to big farmers , not those committing suicides.

On the other hand our SME will be badly hit and so do Kirana shops which are the largest employers in the unorganized sectors.

India is different country . We are neither large farm landholding farmers country like the USA nor a manufacturing giant like the china . So Walmart isn't the solution to our woes.

Jobs ??? WTF

To sell vegetables in foreign stores you call it job ???

keep you day jobs folks with all due respect. you have no idea about how this deal not only creates jobs, but lowers prices for consumers and builds a distribution and supply chain infrastructure. you also have no idea that vendors and traders will continue to flourish, just like they do in the US. there are 1000 X times more mom and pop stores in the US vs walmarts... your protectionist views are detremental to india's growth. China allows 100% FDI in retail now

stop with hindu rate of growth thinking and protectionism

 

[ashokdeiva]

lower price to consumer and higher price to producers. .

That is an oxymoron, you can not do the two things at the same time. but you do this
higher price of the consumer, lower price for the producer and the difference eaten by Walmart and other Forign company.
what is not there in this country that we need Forign companies to take away what we do for our living.

 

[harpoon]

I believe you are from Kerala? Then sorry to disappoint you, but no foreign retail shop is coming there. Both congress and communists in Kerala have vigorously opposed this. Even if it goes through at the national level, it is up to the state governments to allow it in their states. I regret to inform you, but Kerala will be the last state to let FDI in retail.

Then what is the fuc*** problem for the opposition and parties like TMC.

As far I am concerned, not a loss as our paddy fields are lying barren for 2 years now.

---------- Post added at 12:57 AM ---------- Previous post was at 12:55 AM ----------

That is an oxymoron, you can not do the two things at the same time. but you do this
higher price of the consumer, lower price for the producer and the difference eaten by Walmart and other Forign company.
what is not there in this country that we need Forign companies to take away what we do for our living.

You can easily attain it by cutting out the middle men.

 

[janon]

That is an oxymoron, you can not do the two things at the same time. but you do this
higher price of the consumer, lower price for the producer and the difference eaten by Walmart and other Forign company.
what is not there in this country that we need Forign companies to take away what we do for our living.

No, it is not an oxymoron...both those are possibloe together, by creating a better and more efficient supply chain infrastructure. The need for middlemen will be eliminated, and the benefits enjoyed by producers, consuemers and the workers who make it happen. Thats the whole point.
Today a farmer sells for 2 rupees what a customer buys for 40. This grotesque mismanagement is what is creating inflation of prices, and distress of farmers.
So understand this....higher price for farmers and lower price fior consumers is very much possible - due to better efficiency. If either of those werent true, then farmers would either not sell, or consumers wouldnt buy. The fact that consumers and farmers are enthusiasitc about this should give youu an idea.

 

[janon]

Then what is the fuc*** problem for the opposition and parties like TMC.

As far I am concerned, not a loss as our paddy fields are lying barren for 2 years now.

---------- Post added at 12:57 AM ---------- Previous post was at 12:55 AM ----------



You can easily attain it by cutting out the middle men.

That is exactly what the government has been asking. If TMC doesn't want it, they are free to disallow it in WB. Similarly for other regional parties. But they know that they will soon see the success stories in other states, and their propogation of outdated economic models wont work anymore.

 

[Manas]

You can easily attain it by cutting out the middle men.

As i said before once Walmart cuts the the middle men ,it will be the new middle men and the only middle men left for everyone that must depend on it.

 

[Manas]

keep you day jobs folks with all due respect. you have no idea about how this deal not only creates jobs, but lowers prices for consumers and builds a distribution and supply chain infrastructure. you also have no idea that vendors and traders will continue to flourish, just like they do in the US. there are 1000 X times more mom and pop stores in the US vs walmarts... your protectionist views are detremental to india's growth. China allows 100% FDI in retail now

stop with hindu rate of growth thinking and protectionism

Walmart will be here to do bunisness and make profit .

Even a kid knows profits comes from buying cheap and selling high.

BTW FDI is already allowed in building distribution and supply chain infrastructure ,but interest is so far been very low so far .Walmart and other big foreign retain want full acces to the retail market ,not just back end.

 

[joekrish]

They would sell their soul, this is just their country

 

[livingdead]

MMS had to back down because parties supporting his govt opposed the idea.
Why would he sacrifise his govt for something for which there is no broad consensus. This is not exactly nuclear deal.