Skip to main content

Wal-Mart Woes!!

The future of Indian Retail, which was set for a revival, with scores of Supermarkets on the anvil looks gleamy thanks to political pressures.

Sonia Gandhi has sounded alarm over fears that big "phoren" firms looking to enter the country's retail sector could force millions of mom-and-pop stores to shut.

She has called on the governmetn to "consider having the relevant issues properly examined before further decisions" are taken giving Intrl. Retailers more access to the Indian market.

All this spells doom, as Mike Duke, Vice Chairman of Wal-Mart is expected in India on Feb 22 to formally announce its partnership with Bharti.

According to AFP, India has nearly 15 million "dusty, chaotic and cramped corner shops". The worry is that big, AC-ed stores with Swish, shrink-wrapped produce will drive them out of business, despite industry figures which indicate that there is a large enough market to accommodate virtually all players.

Now let's wait and watch whether populist politics wins or common sense prevails, though am not a typical capitalist!
Labels:

Comments

  1. Anonymous14 February, 2007 00:10

    Government not spelled as governmetn .....

    ReplyDelete
  2. Peak Day Blues14 February, 2007 00:16

    Saringa Sir... Sarry far the mistake!

    ReplyDelete

Post a Comment

Popular posts from this blog

Ariyaatha pillakku choriyumbol ariyum!

As a kid/teenager, my only source of information to learn malayalam was Manorama Publications' Balaram, a children's fortnightly and my granny. I still vividly remember how she used to teach me the basics of malayalam whenever I come to Kerala on vacations. My granny was also a great source of amazement for me as she used malaylam proverbs or the so called "pazham chollu" every now and then. These proverbs, though small in length and use, had deep insights! Though I can read/write Malayalam today, thx to Balarama and my granny, I used to miss her proverbs a lot. But not anymore!! Thanks to this Wikipedia link , forwarded to me by Vinay
1 comment
Read more

Amul Hits...

[On the TV game show "Kaun Banega Crorepati - 2"] [On the unprecedented heavy rains flooding Mumbai causing loss of lives and havoc to people, their homes & properties] [Take off on the Bollywood film 'The Rising' featuring 'Mangal Pandey' the sepoy of the mutiny] [Rakshabandhan]
Post a Comment
Read more

Trigger Jeans Showroom!

Trigger Jeans, a wholly owned brand of KG Denim Ltd. has opened its first stand-alone store in Coimbatore. The showroom, inagurated by ace drive Narain Karthikeyan two days back is in Arts College Road, Coimbatore. KG Denim launched the "Trigger" brand of jeans in the year 1995, positioning it as a trendy high quality jeans brand offering the best value. The brand within a very short span has risen to the status of market leader. The brand was only one of the two brands to be awarded the Indis Brand Equity Fund by the Government of India to promote "Made in India" labels worldwide. The Trigger brand is promoted extensively through TV, Print and Outdoor media. The advertising campaign is handled by HTA portraying various passions in the life of a jeans wearer and aims to make "Trigger My Passion" the new buzzword among the younger generation and also making Trigger Jeans their hot favorite. TRIGGER intends to open 100 showrooms in the next 12 months. 25 sho
Post a Comment
Read more