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Walmart Hopes to Open First India Store Within 18 Months: Report

  •   Fri, Sep 21 2012 07:49:10 PM

Walmart Hopes to Open First India Store Within 18 Months: Report

New York, Sep 21 (PTI): Walmart Stores Inc has said it is capable of opening stores within 12 to 18 months in India, a media report says.

"The company is capable of opening stores within 12 to 18 months and would be seeking permission to do so from states that have already indicated their willingness to have the US retailer set up shop" Walmart Stores President and CEO for Asia Scott Price said in an interview to The Wall Street Journal.

"Two years would be a reasonable time frame in total," he added.

Price, however, said the company has not yet decided where or how many stores it would like to have in India. But he said the company expects to continue in retail its current partnership with Bharti Enterprises in a chain of 17 cash and carry stores.

Walmart Stores Inc is not in discussions with any other company for a potential retail partnership at present, Price was quoted as saying in the report.

Price told WSJ that he was confident that the reform would be permanent and said the company is committed to India's long-term future.

Showing resolve for reforms, the government yesterday notified its decision to allow global retail giants like Walmart to open stores in India.

With this notification, multinational retailers can invest upto 51 per cent to open stores in 10 states and UTs which, till date, have agreed to implement the decision.
  

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Comment on this article

  • Chandrashekhar, Basrur / Kundapura

    Mon, Sep 24 2012

    Whether Wallmart coming with 100% stake or NOT, but definitely slowly gradually small time retailers will lose many things in future. We have already seen the in cities because of our tata/birla/others owned multi-brand retail malls /stores. Why should only Tata/Birla/others biggies make money?

    Why not Wallmart or other foreign player? After Manmohan Singh’s strong worlds against FDI, there is big recovery at SENSEX and Dollar rate went down. Means somewhere it is helping India to emerge back??!!

    We have 100% foreign stake owned multinational cos in different segment like FIGs/Chemicals/Consumer Goods/Corporate Services and others. Why not Retail? Why people making noise? Really can’t understand!!

    DisAgree Agree [1] Reply Report Abuse

  • Faisal, Mangaluru

    Mon, Sep 24 2012

    All this hue and cry of limiting the foreign companies is only for a while. When one state start allowing, then it will slowly spread to other states! Plz remember East India company also came here to do business before it was too late then to realise that we were physically made slaves, but this time, they are coming here in a big way, and they are here to stay forever, we will fall slaves to their products and culture and it seems we may not able come out of this slavery in the near future, until someone like Gandhiji comes to preserve Indian food and Indian Culture.

    DisAgree [1] Agree [2] Reply Report Abuse

  • Jude, Mangalore Dubai

    Sun, Sep 23 2012

    Dr. S Kamath,
    Way back in 1993 the nation had the same fear of the Indian manufacturing sector being eaten up by foreign companies. But see the result in 20 years. It is the Indian companies who have marched across the globe and bought foreign companies and brands and also established and expanded Indian businesses across the world. The same will happen in retail. Our own sleeping giants will wake up when they see the competition at their doorsteps and in a decade you might see Indians owning retail giants like Tesco and Carrefour. In a small city like Dubai there are at least 4 Carrefour stores, 1 Geant store and atleast 30-40 other hypers like Lulu, Choitrams, Waitrose, Spinneys etc, but at the same time small neighbourhood stores are flourishing in every residential locality. In fact over the past 10-15 years the small stores have grown over 3 times in number. Therefore it is really stupid to say that the small stores will disappear when the giants enter. As the PM has said, in an expanding economy there is place for all to grow. Only be assured that there will be no place for crooks, hoarders, speculators and middle men and they will surely be wiped out and this is good for all of us.

    DisAgree [4] Agree [11] Reply Report Abuse

  • Anonymous, Mumbai

    Sun, Sep 23 2012

    Well thought out article. The main consideration should be a totally competent Supply Chain Mechanism. Elimination of middle men and vagaries of transport will be eliminated. The farmer will definitely benefit as also the consumer. I hope the interest costs of inventories and own transport, storage, have been factored in.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Peter Pinto, bangalore

    Sat, Sep 22 2012

    Frankly, most neighborhood kirana stores will not dispose off most expired goods, but will rather still try to sell them to the unsuspecting customer at full retail price.

    If walmart and other international stores come into the country, and if proper policies are put in place, consumer can be most assured that these stores will dispose off expired goods / merchandise atleast a month before expiry, and absorb the loss because of their financial power, unlike cunning baniya store which tries to sell everything to unwary customer, and then has no return policy if customer wants refund!

    DisAgree Agree [7] Reply Report Abuse

  • Dr S Kamath, Mumbai

    Sat, Sep 22 2012

    Dear Ronald D, Udupi Friday,
    with Toyota, honda, Suzuki and Nissan entering India they are in fact exporting cars from India and hence improving Indias Exports and making trade balance positive but Wallmart doesnt export

    DisAgree Agree [6] Reply Report Abuse

  • VMD, MANGALORE

    Sat, Sep 22 2012

    Of China, marketed by USA. "Welcome to Walmart - made in China...".

    DisAgree [4] Agree [7] Reply Report Abuse

  • Gopala, UK

    Sat, Sep 22 2012

    Walmart , Tesco, Iceland, IKEA etc coming to India is a great news the Indian economy, will grow. The food preserving technology, industrial & green revelation will reach to the world class. The small scale industry and the farmer will flourish with better standard. Corner shop too has its own place in the market. The commission agent will face a thought time.

    DisAgree [5] Agree [7] Reply Report Abuse

  • Aadil Khan, Kasaragod, Saudi Arabia

    Sat, Sep 22 2012

    Big welcome to Walmart to India. Eighteen months is too long. Also, we we would like to have other retail chains like Carefour, Geant etc. We want to show the world, India is not behind Europe and America.

    Good move by our Prime Minister and his team.

    DisAgree [9] Agree [15] Reply Report Abuse

  • ISMAIL.K.PERINJE, PERINJE-YANBU/KSA

    Sat, Sep 22 2012

    Mr Vinayak Mangalore/SWISS, well said.Dear Vinayak, that being said here in this column,some readers are commenting based on party lines, particularly,I am bit disturbed @ Doc Kamath!Being learned man and residing in cosmopolitan city like MUMBAI cribbing unwanted things about FDI in retail!!!Half economic reform like us kill our economy for sure.These FDI stake holders will not operate in RURAL areas instead big cities like MUMBAI/BANG/CHENNAi/MANG etc..Some are how UPA waken up from slumber and economy is reacting with positive notes.

    DisAgree [11] Agree [8] Reply Report Abuse

  • Mglor Y, Mglore

    Sat, Sep 22 2012

    Good Move by UPA Govt...BJP will never allow India to develop.

    DisAgree [8] Agree [21] Reply Report Abuse

  • Aubb, Kuwait

    Sat, Sep 22 2012

    I remember when KFC started its operations In Bangalore, people threw stones and damaged their properties.

    Today, the same people are eating in KFC, many of their families are working for KFC, and many of these people are even suppliers to KFC!!

    Today India is dotted with not only KFC, but also with Burger King, Pizza Hutt and so many others!!

    What a Irony!!!!

    We will not only have Walmart, but Carrefour, Tesco, and many others repeating the same history all over Inida, which i feel is in the best interest of farmers, and unemployed youth of our country who are exploited by our corrupt politicians, and middle men.

    I fully agree with the view of Bulsam, Mangalore and one would see, that KFC and others have not replaced our good old Idli Sambar, Dosa and other restaurants which are churning out unhealthy food, most of the time.

    Walmart or no Walmart, no one can replace the cunnning Baniyas, Kirana stores who churn out shoddy poruducts.

    DisAgree [5] Agree [23] Reply Report Abuse

  • Sathish Pawar, Udupi/UAE

    Sat, Sep 22 2012

    The advantage of WM enters to India huge employment opportunities will created! There will not be ADULTRATED FOOD/DRUGS in the market 100% under hygenic control. So there will not be chronic sickness with Indian public that what we have faced past and present. So spend a bit more and lead a healthy life instead of paying huge bills to doctors and pharmacies.

    DisAgree [8] Agree [25] Reply Report Abuse

  • nagesh nayak, bangalore

    Sat, Sep 22 2012

    ITALIAN LED CONGRESS & PUPPET PM'S NEW VERSION OF DEMOCRACY :

    1. FOR THE FORIEGNERS.

    2. OF THE FORIEGNERS.

    3. BY THE FORIEGNERS.

    ENTERING WALMART IN INDIA IS THE BEGGINING OF ECONOMIC SLOWDOWN .

    ALL PSUEDOS & ANTI ATIONALS ARE SUPPORTING THIS MOVE & PATRIOTIC PEOPLE BJP, RSS, ETC..ARE OPPOSING.

    ITALIN LED CONGRESS WILL GET DOWN TO ANY LEVEL FOR MINTING MONEY .

    DisAgree [64] Agree [13] Reply Report Abuse

  • Haris K.H, Kumbra, Puttur, Muscat

    Sat, Sep 22 2012

    GOOD MOVE UPA GOVERNMENT ..
    NOW COMING LOT-OFF JOB OPPORTUNITIES ..
    NOW INDIA SHINING... THANK YOU Mr.MANMOHAN SING & UPA
    JAI HOOOOOOOOO

    DisAgree [4] Agree [29] Reply Report Abuse

  • Ganesh, Bengaluru

    Sat, Sep 22 2012

    Sonia & gang got their share & deposited in swiss bank. Well done.We need to take a note of that FDI in retails is required in countries like Gulf, not in Inida. Oh, God save this wonderful nation & its poor people. No political party is bother about poor people.

    DisAgree [27] Agree [12] Reply Report Abuse

  • Amin Bhoja, Patte- Riyadh

    Sat, Sep 22 2012

    We welcome Walmart in India ,a consumer friendly, a better quality, a comfort buying and above all a competitive cheaper rates. There already exists Reliance Fresh,D-Mart,Big Bazar and G-Mart in most Indian cities a comfortable and competitive prices and buying of your own kind of choices.FDI in retail,it is thus survival of the fittest in the industry for a long run!.BJP or other political parties shedding thier crocodile tears looks a pure vote bank strategy for the coming election?.

    DisAgree [10] Agree [23] Reply Report Abuse

  • Arif, Udupi/Kuwait

    Sat, Sep 22 2012

    Hats off to Dr. Man Mohan Singh, the great economists for taking initiatives

    DisAgree [10] Agree [20] Reply Report Abuse

  • G.Z.Tunkunte, Udupi

    Sat, Sep 22 2012

    Ravi Shenava you are right. I had invested my four lakh rupees in six such Indian company shares in 2008, who were specifically supplying their products to gigantic Wallmart. I had ed these companies only because of their connection with Wallmart, thinking that wallmart will never withdraw their support to these companies. But after 2008-2009 recession in America & Europe, Wallmart dumped all these Indian suppliers in dust bin and all these Indian companies have closed, and I have lost all Rs.4 lakhs. Even if Wallmart comes to India directly also, they will repeat the same thing.
    Lesson: never invest in any Indian company having connection with wallmart.

    DisAgree [3] Agree [11] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Sat, Sep 22 2012

    Lookout their recent media report regarding sacking of “Walmart Employees” worldwide because of business recession. And now suddenly they got enough money to invest in Indian Retail Sectors? So, wise thinkers might have already got to know who all purchased the share holding of Walmart so that they can invest in India and pay back as dividend if they are successful. If any idea goes way weird, then Indian National Banks will suffer and seek Government help for simulation. Again our Government will say that to go ahead with economy reforms, it is very essential to give relief package to Indian Banks. This is the best way to bring black money to Indian Market and make it white with dignity. Now People says “Koyla (coal) ka dande me haath kala nahi hota hai lekin ab ki baari, haath sona ho gaya hai”

    DisAgree [2] Agree [10] Reply Report Abuse

  • Lancelot N Tauro, Manglore - Doha Qatar

    Sat, Sep 22 2012

    Warm Welcome to Indian market Walmart or Carrefour, But till today we deal with amgele konkany angadi is the best.

    DisAgree [13] Agree [11] Reply Report Abuse

  • Ravi Bhaskar Shenava, MANGALORE

    Sat, Sep 22 2012

    Small producers & manufacturers who depended on WallMart have perished. For example, M/s.Alps Industries were supplying Bed Sheets to wallmart and their Share was quoting Rs.82/- in BSE in 2008-09, and M/s. Gupta Synthetics was supplying Turkish Towels to WM and their Share was Rs.64/- in BSE. Two years back WM stopped purchase from these two Indian suppliers stating recession in USA, and these two companies collapsed and today their Shares are Quoted at Rs.2/- & 4/- respectively in BSE, these companies have closed only due to WM.
    If WM enters India they will throw away small Indian suppliers like dirt the very next moment they see slow down in Indian Economy.

    DisAgree [6] Agree [11] Reply Report Abuse

  • Jacobnelosn, Bejai

    Sat, Sep 22 2012

    Once Walmart comes to Manalore

    All opposers will apply break for their movement and

    Aply for for job within FDI companies.

    DisAgree [10] Agree [30] Reply Report Abuse

  • Cyril Pinto, Bajpe, Mangalore 574142

    Sat, Sep 22 2012

    Due to political disagreement FDI and other reforms have not possible for more than a year. But nothing is wrong. Our PM is upright on this and our country will move certainly faster on economic front now on. Congrats Manmohan Movement. Withdrawal from Mamthaji too augurs well for the ruling Party and the Govt will certainly going to complete its full term. And once again we hope, it's good days ahead for the aam aadmi.

    DisAgree [7] Agree [12] Reply Report Abuse

  • Prescilla Sequeira, Pune

    Sat, Sep 22 2012

    Welcome Walmart,it is indeed good news.I still will be faithful to my Baniya Shop who gives me all my groceries on credit.Both will do well.

    DisAgree [5] Agree [16] Reply Report Abuse

  • Bulsam, Mangalore

    Sat, Sep 22 2012

    As per the new FDI policy, if Wal-Mart puts 50% of their investment in cold storage chains and infrastructures, the 40% of rural poor farmers produce that otherwise were getting destroyed, due to non-availability of cold-storages, will reach the consumers through MNCs. The middlemen like the baniyas who were sucking the farmers will get eliminated, the farmers will get more for the produce and we consumer will get the product at lesser price.
    Further these multinationals will create new brand of consumer friendly ready to use products for the new breed of young nuclear family consumers. Even thousands of Kirana shops and goodina angadis will benefit out of it.
    All those who expect big retailers like Wal-mart to come in and devour small kirana shops should pause and think. Can Big Retail really do that? Just look at what the average kirana store offers the average Indian household.
    Firstly, it is just a stone’s throw away. So anytime the family needs something, it is easy to just stroll over and get it, even if it is as paltry as a loaf of bread.
    Secondly, there is the trust about all the items being fresh and reasonably priced at the friendly neighbourhood kirana-walas.
    Thirdly, there is free home delivery, usually on a bicycle, for the regular monthly supplies, colloquially called ration, and
    Fourthly and most importantly, there is credit. Since the shopkeeper knows the families in the vicinity well enough, he can actually extend credit to the neighbourhood customers.

    DisAgree [8] Agree [16] Reply Report Abuse

  • satish naik, vitla

    Sat, Sep 22 2012

    Walmart is not a great brand.they are like carrefore in Dubai, GCC & other western countries They are named as a road seller in USA.But it will not effects in our retail market, cuase they have hell lot of competitors our Indian market. Just waight & see.

    DisAgree [7] Agree [15] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Sat, Sep 22 2012

    Dear Dr S Kamath, Mumbai,

    I quote yours:But before that Indian manufacturing should be increased to such a high level that Wallmart should prefer buying from India than China Unquote.
    Are you allowing your children to work in agriculture field or will you make a farm and your children are in-charge of that farm?! Everything is not government. Citizens should also shoulder. responsibility. Now a days nobody is working in the agriculture field because sometimes yield comes, some times doesn't. If untimely rain then also worry.

    DisAgree [15] Agree [17] Reply Report Abuse

  • M.SHAMEEM ANSARI, BANGALORE

    Sat, Sep 22 2012

    EXCELLENT MOVEMENT BY UPA GOVT.

    DisAgree [12] Agree [20] Reply Report Abuse

  • Concerned Indian, Mangalore, Rome.

    Fri, Sep 21 2012

    Dr. Kamath, nice to hear you speaking sense here... How I wish you were communally more tolerant, instead of promoting and spreading violence and hatred!!

    DisAgree [5] Agree [17] Reply Report Abuse

  • Siva Avadani, Manipal/Dubai

    Fri, Sep 21 2012

    We will get good milk to our children , we will get genuine sweets for our festivals, vegetables superb. Welcome Wallmart

    DisAgree [5] Agree [16] Reply Report Abuse

  • Santhosh, Udupi

    Fri, Sep 21 2012

    HISTORY REPEATS with a small difference....Then they came to India seeking trading, but they looted us....Now our GOVT UPA is Inviting them for Trade, but to loot it's own country with their help.....
    If not our UPA GOVT is like "RAATHRI NODIDA BAAVIGE BELIGE HOGI BEELUVUDU"

    DisAgree [11] Agree [11] Reply Report Abuse

  • Subhash Pai, Mangalore

    Fri, Sep 21 2012

    Welcome Wall Mart, jealous and useless people are against I lived in US before Wall Mart is the best.

    DisAgree [4] Agree [10] Reply Report Abuse

  • paul d`souza, balakunje

    Fri, Sep 21 2012

    THIS IS A VERY GOOD STEP TAKEN & AT LEAST WE WILL BE SAVED BY BUYING UN-HYGINE FOODS....! ALSO GOOD MOVE TO ESCAPE FROM CHEATER TRADERS...! ALSO GOOD MOVE EXCHANGE IN ECONOMIC..!

    DisAgree [2] Agree [9] Reply Report Abuse

  • javid, mangalore

    Fri, Sep 21 2012

    Wooo...What a speech by PM....Love you Sir....will surely see India changing by 2014. FDI Zindabad.

    DisAgree [5] Agree [13] Reply Report Abuse

  • jeevan, mangalore

    Fri, Sep 21 2012

    Walmart / Nomart / Ragimalt- but we need of the hour is STRICT LOKPAL to control these sense less politician indulge in scams and looting the public money.

    DisAgree [2] Agree [13] Reply Report Abuse

  • Ronald D, Udupi

    Fri, Sep 21 2012

    Dr.S Kamath, with Toyota, honda, Suzuki and Nissan entering India...people got better comfort! Ambasseder, Premier Padmini sank!! Do you regret? Let people have a choice for their money!! Read more... explore more!! Accept survival of fittest!! I feel people enjoy Big Bazar more than Kirani shop full of rats and cockroaches!! Are you fighting for saving those rats, snakes and insects at the cost of hygienic products at fixed weight and price?? Give a break!! BJP / ABVP opposing does not mean that we should compromise with our luxury in return for hard earned money in a secular country!!?

    DisAgree [5] Agree [22] Reply Report Abuse

  • vnayak, mangalore/switzerland

    Fri, Sep 21 2012

    Dear Dr.S.Kamath, Mumbai.

    First of all we need to understand that the big retailers like WallMart are not omnipresent,not even in the US. There may be,if at all,one shop in a city like Mangalore and nowhere else in DK/Udupi. So,there will be plenty of room for all those small scale retailers elsewhere.After all,we already have in Mangalore SPAR Hypermarket in the Citi Center. They are also a foreign outfit.

    Secondly the infrastructure needed for large scale retail needed is not there in India - no cold storage facilities, no warehouses, no transportation for perishable goods etc. There is also no expertise and investments in India for these.

    Thirdly, today it is the several middlemen who hoard and increase the prices at their will. Proper supply chains will eliminate these middlemen who today lobby (with money) with the politicians.

    As a fourth point, in India today 40% of the produce of farmers is lost due to the lack of proper storage and transportation facilities. With proper supply chain and large scale investments the farmers will sell whatever they produce.Both the farmers as well as the consumers will benefit.

    Last but not least, India does have some good example of foreign investments in supply chain where the foreign companies help the farmers to grow more and better produce.When India finally allowed Pepsi Cola in the country the condition was they help farmers. Fortunately Pepsi had some food products (Potato Chips, Frito Lay).They did help Punjab farmers to grow more and better potatoes so much that eventually Punjab has surplus potatoes which had to be destroyed .... due to the lack of supply chain to the reatil stores.

    DisAgree [6] Agree [17] Reply Report Abuse

  • Candle, Mangalore

    Fri, Sep 21 2012

    Welcome to the city of Mangalore. There will be many job opportunities Many people are waiting for employment.

    DisAgree [3] Agree [13] Reply Report Abuse

  • RP, Mlore/KSA

    Fri, Sep 21 2012

    When there is a reform all the opposition cries about the 'Aaam Aadhmi', the poor, the farmers, the backward and so on. Over all these years we only hear about the numbers.............70% rural, who will be affected and 30% urban who will benefit. Which politician of the opposition lives like an aaam aadhmi? Someone gives them time on National TV and they pour their venom cursing any government in power. This is their fundamental right of speech. I have seen myself in the middle east the huge Hyper Market Chains coming in every day. Same time the number of corner shops mainly owned and run by Indians are increasing and prospering. So what is the BIG Logic about what the opposition is taking about?? We still go to the corner shops for our day to day needs and visit these Hyper Markets once or twice a week because of comfort, parking and choice (all under one roof). For many it is like a outing to pass time with kids.

    DisAgree [2] Agree [4] Reply Report Abuse

  • C Sharath, Mangalore

    Fri, Sep 21 2012

    HAHAh... USA's Wallmart entry is ok & going in right direction, but same USA's "Washingtons post's report on "A" grade for MMS led UPA Govt ...YAAKE ?...this is wrong direction !!!
    FDI is welcome move as far as they buy stuff from local farmers and encourage agriculture and back to the farm concept thus avaoiding middlemen and farmers getting right price for their produce & other products as much as possible from local producers if available. Only lossers will be the middlemen and other local retailers especially in the urban areas.Poor Janatha/Ganesh Bazaar's, Fathima stors might be having sleepless nights with FDI entry to Mlore, but am sure they have made enough money to sustain in these market conditions.
    At the end of the day, any measures which encorages farmers is a welcome move.
    For BJP, as a opposition, its their duty to oppose what the ruling does & same will be the case if Congress was in opposition.

    DisAgree [2] Agree [8] Reply Report Abuse

  • Ronald D, Udupi

    Fri, Sep 21 2012

    As usual BJP will oppose these move and FDI. They love to go back to Amby and Padmini(Premier/ Fiat) era. Farmers were pumped in Karnataka when KFC got in. Those opposing will make big money and will be big customers to these outlets. Their job is only to destroy and take mileage!! Shame on people using religion and culture card and filling the bag for next generation!! I respect only one man he is Dr. Man Mohan Singh...working and thinking for good of nation!! dancing oldies has no idea what economics is....they only get hyper on repose to their hyper voice!!! Farmers will get better cash on spot for their supply unlike state govt paying(fraction and without interest) for sugar cane after a decade if lucky!!!

    DisAgree [1] Agree [6] Reply Report Abuse

  • Bennet Vas, Mangalore

    Fri, Sep 21 2012

    Excellent ! Bold move by PM & FM who are both very well qualified and know what is best for our country. We will get quality stuff at reasonable prices. These so called Appa & Amma stores have short changed the consumers supplying stuff with Stones / Roaches / Rodent shit etc., besides in weight - same goes for the big Indian retailers like Reliance / More / Big Bazar etc., they just do Mela's / sales etc., and people are carried away. FDI is the right move . Just wait and see .. all the other states who now have reservations will also open their doors .... my only reservation is .. avoid buying from China and get stuff from the Indian farmers / producers / manufacturers ..

    DisAgree [2] Agree [8] Reply Report Abuse

  • santosh shetty, mangalore/mumbai

    Fri, Sep 21 2012

    Welcome move. But intrests of local traders,farmers & kirana shops should be taken care of.

    DisAgree [3] Agree [14] Reply Report Abuse

  • ad, mangloor

    Fri, Sep 21 2012

    Death for small traders and business people. Walmart sells cheap and useless goods. Bycott this store because it will kill small business livelyhoods.

    DisAgree [19] Agree [4] Reply Report Abuse

  • tresa , Mangalore

    Fri, Sep 21 2012

    Walmart or any mart, don't worry. If their business is not running well it will close down and go to others. Don't understand why BJP, the banniyas or left parties pannick. I think people are also smart and intelligent when they spend without comparing the rates around the city.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Rudolf Rodrigues, Bantwal/Mumbai

    Fri, Sep 21 2012

    This is an excellent step in view of all concerned, except, the "middle men, cheat retailers, and brokers"!!! Baniya type traders logon ne bahut kamaya, abhi Aaram karo!!! Salute you Chiddu Sir!!

    DisAgree [11] Agree [45] Reply Report Abuse

  • Jossey Saldanha, Mangalore/Mapusa/Mumbai

    Fri, Sep 21 2012

    If Walmart goods are cheap they will prosper or else they will close shop and run away.
    I wonder why our BJP and their Baniya community is panicking......


    DisAgree [7] Agree [61] Reply Report Abuse

  • rohan, mangalore

    Fri, Sep 21 2012

    Welcome wallmart..it will be a learning lesson for future group, reliance fresh and others who in the name of retail sell date barred,expiry,rejected goods to consumer and announce discounts on them. Now consumer will have a better choice.

    DisAgree [5] Agree [44] Reply Report Abuse

  • Reema Shetty, Mangalore

    Fri, Sep 21 2012

    No swadeshi only videshi...tough time ahead for Indian retailers...

    DisAgree [63] Agree [24] Reply Report Abuse

  • Dr S Kamath, Mumbai

    Fri, Sep 21 2012

    I would like to put some of my views on this FDI in multibrand retail .1.Is it good for the Country ? in short term yes but in the Long term No .Wallmart will invest say 2 Billion USD 50% in Rural areas etc .This will improve the delivery but the profit margin will be eaten by those companies and hence neither farmer nor Consumer gets any benifit
    2.One of the Condition is 30% of the products should be brought from within India and rest 70% can be imported from China .Wallmart will import more than export and hence trade deficit will further become negative
    3.Lot of retail traders will be loosing jobs
    4.Foreigners will take up top management jobs and small jobs like Clerk,Cleaners ,Porters will be given to Indians .
    I am not against FDI .But before that Indian manufacturing should be increased to such a high level that Wallmart should prefer buying from India than China

    DisAgree [59] Agree [39] Reply Report Abuse

  • Ayes P, Mangalore/KSA

    Fri, Sep 21 2012

    Welcome to WALMART. It will development our economy and increase job opportunities and quality of products and competitive prices. Hats off Dr. Manmohan Singhji

    DisAgree [16] Agree [54] Reply Report Abuse

  • Don, Udupi/blore

    Fri, Sep 21 2012

    wow!! Wonderful..
    Now Let Indian manufactures fight with these biggies for maintaining quality service :)

    DisAgree [10] Agree [72] Reply Report Abuse

  • Sonia, Mumbai/US

    Fri, Sep 21 2012

    This is great news and a step forward towards economic growth of country and people.

    DisAgree [18] Agree [87] Reply Report Abuse

  • Allen, Mangalore

    Fri, Sep 21 2012

    A most welcome step. More and more foreign investments should flow into India to make India a stronger economy and to generate more and more jobs to our educated youth.

    DisAgree [14] Agree [73] Reply Report Abuse

  • ISMAIL.K.PERINJE, PERINJE-YANBU/KSA

    Fri, Sep 21 2012

    Welcome news and India moving in right direction towards free market.Economic reforms are key to the growth.Three major decision of UPA govt received positively by SENSEX.FDI in retail sector create more than one crore jobs with growth and more economic activities.These FDI stakeholders only operate in big cities and that also subject approval of State Govt.BJP/NDA's cry over the issue is just crocodile tears.

    DisAgree [22] Agree [89] Reply Report Abuse


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Title: Walmart Hopes to Open First India Store Within 18 Months: Report



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