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FDI in retail: Whom are you kidding, Mr PM?

Devinder Sharma In India, it is markets that sustain the farmers and not subsidies. We are therefore importing a failed model from America.   Prime Minister Manmohan Singh projects FDI in retail as a boon for the agricultural sector. Unfortunately, if you examine the realities, it will spell a death knell for farming. It will be the beginning of an end for Indian farmers. It has happened in the United States. Ever since big retail – dominated by multi-brand retailers like Wal-Mart – entered the market, farmers have disappeared, and poverty has increased. So has hunger. Today, not more than 700,000 farmers remain on the farm in America. Poverty has […]

WHO GAINS FROM FDI IN RETAIL?

Sukhpal Singh With the Union Cabinet deciding to allow 51 per cent foreign direct investment (FDI) in multi-brand retail on Thursday the way has been cleared for the entry of global supermarket giants in India. There are doubts and fears amid hopes for long-term gains Photo: S Chandan   ONE of the conditions for 51% FDI in multi-brand retail proposed is that the players will source at least 60% of their farm produce requirements from small farmers. A small farmer is defined as one with up to 10 hectares. It is important to understand implications of FDI in food retail for various stakeholders. The more important questions to be asked on […]

Walmart Effect: for those who are batting for FDIs in retail sector

We are hearing Manmohan Singh and his gang, Saharad Pawar, Jaiprakash Narayan and others batting for FDIs in Retail oector and saying that FDIs in retail sector will increase employment opportunities and provide better prices to farmers.  In US the organised retail sector led by Walmart has successfully pushed down the prices for the farmers and killed all the small time shop keepers.  Read from various sources, Universities on the ‘Walmart Effect’. Unfortunately in India no Academic institute is interested in this.  Fortunately the Parliamentary Standing Committee on Commerce has made a critical analysis on this. Understanding Wal-Mart Effect Wal-Mart and Local Enemy The new Wal-Mart Effect: Role of private contracting in […]

Sharad Pawar says FDI will help farmers

by Shubhangi Khapre November 28, 2011 DAILY NEWS AND ANALYSIS – http://www.dnaindia.com/mumbai/report_sharad-pawar-says-fdi-will-help-farmers_1618263 At a time when the opposition parties and some of the alliance partners supporting the UPA government are raising a hue and cry over the 51% foreign direct investment in retail, Union agriculture minister Sharad Pawar has come out in strong defence of prime minister Manmohan Singh. In a message to those raising an alarm over the move, Pawar said, “The policy will be enforced only in the big cities, which have a population of more than 10 lakh. As a result, the smaller towns with lesser population are clearly being exempted.” He said, “The policy, which promises to usher […]

Q&A: Vandana Shiva ‘Retail FDI is not about investment, but market grab’

Q&A: Vandana Shiva ‘Retail FDI is not about investment, but market grab’ Sreelatha Menon / November 27, 2011, 0:40 IST The Cabinet’s decision to allow up to 51 per cent FDI in multi-brand retail was taken without consulting the states, activist Vandana Shiva tells Sreelatha Menon. Three years ago, you had campaigned against FDI in retail. But, with the Cabinet’s decision to open the sector to foreign chains, it has been made a reality. Do you accept it now? You have been silent on the issue. It is still wrong, and many times over so. First, the model of FDI in multi-brand retail has completely failed. The failure has been […]

FDI in Retail Sector

The Parliamentary Standing Committee on Commerce examined the subject of Foreign and Domestic Investment in the Retail sector beginning April 5, 2007 under the chairmanship of Dr. Murli Manohar Joshi. The Committee placed its report before Parliament on June 9, 2009. Key Issues The Standing Committee identified certain key issues while analysing the impact of FDI in the retail sector. These are: a. Modern retail would displace a large number of jobs. b. Global retail chains would adopt predatory pricing tactics to wipe out domestic competition (small retailers). c. Once global retail chains are established, they would be in a position to dictate prices for both buying wholesale, and selling […]

FDI in retail likely within weeks TNN Jul 1, 2011, 12.32am IST

NEW DELHI: After years of debate, foreign direct investment in retail may soon be a reality with a panel of secretaries expected to approve the framework for allowing global retail chains to set up shop in India later this month. Government sources said the proposal has gained momentum, with both Prime Minister Manmohan Singh and finance minister Pranab Mukherjee backing it, and chances are that the Cabinet could clear the proposal in August, setting the stage for the entry of large chains by the end of the current financial year. While a date for the meeting of secretaries would be fixed over the next few days, the outline of the […]

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