Dr.Man Mohan Singh Opposed FDI in Retail....

[T.S.Sankara Narayanan]

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[TD]Manmohan Singh opposed FDI in Retail[/TD]
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[T.S.Sankara Narayanan]

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[TD="align: center"]Supreme Court helps PM discover his authority. But will he exercise it ?[/TD]
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[T.S.Sankara Narayanan]

He is The Most Inefficient Prime Minister in India. This is not said by BJP or any other Opposition parties,.

This is exposed in News paper of America...

What a Shame to Indian Democracy....

http://daily.bhaskar.com/article/NA...at-80-a-success-or-a-failure-3841602-NOR.html

 

[sarang]

Walmart's india head has already indicated that the main problem is finding large spaces in metros and cities for setting up hyper markets - both space and cost. The problem starts from here. The government has to chip in, the politicians will butt in, and can lead to scams, if the whole process is not transparent. If supermarkets are built 20 to 30 kms away from the city, will they be patronised?
But, it is fun to spend half a day strolling through the supermarket looking at things one can't afford and end up at the counter with the things one doesn't need.

 

[T.S.Sankara Narayanan]

The difference is marginal... only the 'S' is missing



​

 

[HARE RAMA HARE KRISHNA]

America will pump money why worry

 

[venkat2206]

Forget whether Dr Manmohan Singh opposed it in 2002 and bringing the same now. As members of this forum why not we share our views on this topic.

To begin with I support the FDI. Let other members express their views

Venkat K

 

[sarang]

FDI is not the issue; it is walmart, how it lobbied and forced mms to acquiesce. Walmart is already under investigation for bribery. It has bribed virtually everyone in the supply/ decision chain. Following report will give an idea on walmart's intentions and methods.

"Consider the unfolding bribery scandal surrounding Wal-Martde Mexico, the arm of the gargantuan U.S. retailer. The New York Times recently published a massive investigation, making the case that the Bentonville, Ark.-based company's subsidiary funneled payments of as much as $24 million to mayors, city council members and other officials to secure construction permits and get around environmental concerns as it built new stores in Mexico.
"More shocking, the company may have covered up an internal investigation into the bribes. The Times retraced the steps of Wal-Mart de Mexico's own investigation, which the paper claims company executives subsequently quashed.

"Since 1991, Wal-Mart de Mexico has virtually reshaped the Mexican economy, asserting itself in the retail marketplace at a pace that left competitors in the dust. Just as it did as it spread across the U.S., Wal-Mart has drawn bitter accusations in Mexico of violating labor rights and of devastating smaller businesses.

"Mexico's reputation as a corrupt nation is well earned. Cash can only be passed if there is an outstretched palm. Still, how would Americans feel if they knew that bribes to their aldermen, mayors and zoning commissioners were responsible for the behemoth box store they didn't want in their neighborhood? Would they hold Wal-Mart blameless? Not likely.
"This is not a brand of capitalism the U.S. needs to export. It's cheating. It's corrupting another country's economy by taking unfair, unethical advantage. Wal-Mart is a large, powerful, rich company. It doesn't need the head start of bribery to compete.

Wal-Mart de Mexico scandal - Chicago Tribune

 

[sarang]

I am an avid user of kindle ebook reader. Walmart has stopped selling kindle in its stores without assigning any reason. Explanation given by the analysts is interesting; amazon is a formidable competitor.

“Every time you pick up your Kindle, they’re trying to get you to buy patio furniture” at Amazon, Mr. Gillis said. “If I were Wal-Mart, I certainly would not be encouraging my customers to go down the path of owning a Kindle and buying things from Amazon.”

Big supermarkets can block any manufacturer and stop selling their products.

FDI in retail has its serious pitfalls. For walmart to succeed, other areas have to keep pace - roads, bulk transport, refrigeration, real estate, land area and many more. And, average indian's buying habit.

http://www.nytimes.com/2012/09/21/b...-and-e-readers.html?ref=walmartstoresinc&_r=0

 

[mkrishna100]

Walmart's india head has already indicated that the main problem is finding large spaces in metros and cities for setting up hyper markets - both space and cost. The problem starts from here. The government has to chip in, the politicians will butt in, and can lead to scams, if the whole process is not transparent. If supermarkets are built 20 to 30 kms away from the city, will they be patronised?
But, it is fun to spend half a day strolling through the supermarket looking at things one can't afford and end up at the counter with the things one doesn't need.

If WalMart tries to bring in the same model as in USA to India , it will be an utter failure . I had already indicated in another thread that 65% of WalMart stores must follow the Saravana Stores Model of retail in Chennai catering to LIG and MIG Groups and 35% of WalMart stores must follow the USA Model of WalMart that caters to Upper MIG and HIG income groups in India .
You have to follow the Indian Model for more efficiency .

Forget whether Dr Manmohan Singh opposed it in 2002 and bringing the same now. As members of this forum why not we share our views on this topic.

To begin with I support the FDI. Let other members express their views

Venkat K
​

Well I am really not competent to say FDI must be welcome or not but one thing is sure i.e FDI is inevitable and it is sure to come in .So best way is how to prepare Indian Companies ,Indian Business ,Indian people in gaining maximum mileage out of this .

 

[prasad1]

Forget whether Dr Manmohan Singh opposed it in 2002 and bringing the same now. As members of this forum why not we share our views on this topic.

To begin with I support the FDI. Let other members express their views

Venkat K

Welcome to the minority of 1%.
Mr. Venket you will find this site is full of strong anti-government members. There are people here who think BJP is too moderate. Then there are people who would like to re-divide India. There are some who write as if they can purge India of non-hindus.
LOL

 

[prasad1]

If WalMart tries to bring in the same model as in USA to India , it will be an utter failure . I had already indicated in another thread that 65% of WalMart stores must follow the Saravana Stores Model of retail in Chennai catering to LIG and MIG Groups and 35% of WalMart stores must follow the USA Model of WalMart that caters to Upper MIG and HIG income groups in India .
You have to follow the Indian Model for more efficiency .



Well I am really not competent to say FDI must be welcome or not but one thing is sure i.e FDI is inevitable and it is sure to come in .So best way is how to prepare Indian Companies ,Indian Business ,Indian people in gaining maximum mileage out of this .

I am sure these foreign companies will adapt to Indian conditions or pay a hefty price (which is more money in foreign capital).
I bet all these people opposing FDI are driving Imported cars, Imported computers etc. These people want that privilege for themselves. Some of them are interested the common public from enjoying the same that they themselves are enjoying.
Some of these people even live in foreign country and shop in these very stores.
There has to some personal gain in stopping this FDI in retail.
Some are scared of the efficiencies and productivity increase in the retail sectors.

I believe that Sarvana Stores can give all these foreign company a run for their money.

 

[T.S.Sankara Narayanan]

Welcome to the minority of 1%.
Mr. Venket you will find this site is full of strong anti-government members. There are people here who think BJP is too moderate. Then there are people who would like to re-divide India. There are some who write as if they can purge India of non-hindus.
LOL

Not only this site almost The Entire people of our Nation are in the same mood to Eliminate Congress out of India. The majority Forum members are like " Oru Paanai Sottrukku Oru Soru Patham "

 

[vgane]

The way Narendra Modi has capitalized on this...You should see his speeches...He is a rabble rouser & crowds come in droves to listen to his rhetoric in Hindi...

Quote

Haryana, Sep 29 (TruthDive): While accusing Prime Minister Manmohan Singh, Gujarat chief minister Narendra Modi on Friday raised question to the PM whether he had been the agent of the United States by getting the nuclear deal sanctioned first and then permitting the FDI in retail. Modi asked “What made you to turn against the interest of the country?”

While speaking in a rally at Faridabad at the end of the national council meet, Modi asked whether the decision on FDI is related to Sonia Gandhi’s recent visit to the United States, as the decision on FDI was announced after Sonia Gandhi’s return from United States.

Modi said that the country would like to know whether the decision taken by the ruling government had any links with the US elections.“The Prime Minister has to reply many questions which the country would like to know from him.What was the motivation behind the government’s sudden decision on FDI in retail? Was Sonia Gandhi the reason or her visit to America the reason, or does this decision has anything to do with the US elections? added Modi.

Narendra Modi criticized the Prime Minister for paying less attention towards the country and showing much interest in the welfare of the United States. He also added by saying that while the Prime Minister can act in the interest of foreign countries then why can’t he gather courage to act for the welfare of the country.

Modi while recalling the US elections in 2008 said Prime Minister Manmohan Singh suddenly became interested to pass the nuclear treaty in 2008, then he went to sleep for four years and again after four years in 2012 , once again he becomes energetic when the US elections are to be held, while speaking in the rally.

Unquote

 

[prasad1]

Mr. Vgane,
LOL you are on a roll. Your post#14 was really funny.
Mr. Modi and his chamchas talk as if India, figures in US election. India is not Israel.

 

[sarang]

Modi also made a reference to the movie; manmohan singh became 'singham' twice during his pmship. First during the nuclear agreement with USA, and the second time for the FDI. And both during election years in USA. He raised his voice, put his foot down and was even ready to throw his coat.

Why only in retailing? why not in insurance, law, accounts and all other sectors?

With millions of cases pending in courts, fast track courts ably assisted by no nonsense foreign law firms will do immense good to the litigating public.

Why america should impose restrictions on visa, immigration, green card. It is against its interests, that is why.

51% equity is another anamoly. If the foreign partner wants to expand and still retain 51% only, the india partner has to invest - it will not happen. It happened in the case of maruti suzuki, the fight between suzuki and indian government turned ugly; and industries minister marn said 'who is suzuki, nobody has heard of them, I can throw them out any day'.

FDI in short is to satisfy US government, support obama in his election campaign, and to deliver results for the bribes received. I read somewhere that US is investigating walmart payments in india.

 

[vgane]

Mr. Vgane,
LOL you are on a roll. Your post#14 was really funny.
Mr. Modi and his chamchas talk as if India, figures in US election. India is not Israel.

India is more than Israel in terms of market...In terms of business that can be generated...In terms of profits for the US Retail giants

This is the reason for Obama raising the issue of FDI in Retail in several forums prior to Manmohan Singh taking the plunge

Whether Manmohan Singh is the real Singam or not will be known by the fate of the no confidence motion in Lok Sabha that is being planned by the united opposition

 

[HARE RAMA HARE KRISHNA]

inflation will go up and up.

 

[sarang]

FDI in USA;

USA is not 100% FDI friendly; they have their own rules and restrictions. In the year 2010, FDI inflow was about 240 billion $ where as FDI by US in other countries was 370 billion $. USA has trade deficit, investment deficit, but is prosperous. How?

However,sectors with specific restrictions on foreign investments includetransportation, communications, and energy.

Forexample, foreign governments may not be issued radio communications licensesand foreign entities are not allowed to own or control more than 25 percent ofthe voting interest of any U.S. airline. In other cases, foreign investors canpurchase companies or assets in a sector but face restrictions on theiractivities once they invest. For example, foreign companies can invest in U.S.banks, but if a company's stake exceeds 25 percent or the company would controlthe bank, the company must receive prior approval and become regulated bybanking regulators and would be limited in the types of nonbanking activitiesin which it can also invest.

GAO'sanalysis of state-level restrictions on foreign investment indicated that somestates had restrictions on foreign entities' ability to invest in real estate,including agricultural land, and some had restrictions on foreign governmentownership of insurance companies. The agencies responsible for enforcing theU.S. laws affecting foreign investment--Agriculture, Department ofTransportation (DOT), Federal Reserve Board, Federal Communications Commission(FCC), Nuclear Regulatory Commission, and Department of the Interior--haveprocesses for addressing key elements of enforcement, including those for (1)identifying all transactions subject to the law, (2) verifying the identity andamount of foreign ownership, and (3) monitoring changes in ownership.

U.S. GAO - Sovereign Wealth Funds: Laws Limiting Foreign Investment Affect Certain U.S. Assets and Agencies Have Various Enforcement Processes

 

[sarang]

Thailand's experience with FDI in retail

There is another threat; the big brothers may open franchised outlets in every area. If walmart opens convenient stores in dense localities now served by local shops, local retailers will be affected. Now, all parties must debate what are the conditions - whether only hyper stores are allowed or sub 5000 sq ft shops are also allowed.

Quote:
But now the battle has shifted scales. The threat to old stores comes not directly from big supermarkets, but from a proliferation of the smaller convenience store found in almost every Bangkok soi: like 7-Eleven, the Japanese-owned chain whose Thai patent is held by local giant, CP Group.. These cater to almost every daily household need, dairy items, baked products, confectioneries, newspapers, cosmetics, tobacco, alcohol, what have you. A large proportion are franchises, not independently owned; just the smaller end of modern retail, conducted and completely controlled by larger chains. There are some 6,500 “Sevens” in Thailand, half in Bangkok. A massive expansion of this format is occurring due to legal limitations on the hypermarket format. Tesco Lotus is focusing on the smaller express format to circumvent these.

Thai retailing has lessons for countries embarking on modernising the sector. The small country was unable to resist “an invasion” due to a financial crisis. But for India, with the second largest Asian market, to liberalise FDI in retail on unfavourable terms and conditions, when a serious economic meltdown afflicts the industrialised world, seems bizarre.
The Thai Message | Sriram Natrajan

 

[sarang]

Congress will sail through no confidence vote. It has -suitcase power, cbi power and sonia's personal rapport power with karuna, maya and mulayam.

Whether Manmohan Singh is the real Singam or not will be known by the fate of the no confidence motion in Lok Sabha that is being planned by the united opposition