A rider in the multi-brand FDI policy which mandates 30 per cent sourcing by retail chains like Walmart from the micro and small enterprises (MSEs) may be more helpful to the Chinese rather than Indians, industry fears.
Wal-Mart And China - A Joint Venture
For several years, Wal-Mart has been the single largest U.S. importer of Chinese consumer goods, surpassing the trade volume of entire countries, such as Germany and Russia. Global sourcing is now fully integrated into the company's operations -- giving Wal-Mart enormous leverage worldwide.
Wal-Mart And China - A Joint Venture
For several years, Wal-Mart has been the single largest U.S. importer of Chinese consumer goods, surpassing the trade volume of entire countries, such as Germany and Russia. Global sourcing is now fully integrated into the company's operations -- giving Wal-Mart enormous leverage worldwide.
1 comment:
Arun Jaitley has come up with a reasoned argument on the BJP's stand:
http://www.rediff.com/business/slide-show/slide-show-1-heres-why-bjp-is-opposed-to-fdi-in-retail/20111130.htm
I think a lot of people know that FDI in retail is dangerous, but may find it difficult to articulate points against templated "free-market" arguments.
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