skip to main |
skip to sidebar
FDI in Retail vs Fair Play
In
the retail world, countries with large informal markets like India are
seen as favorable investments for new market entrants because of the
informal market’s dominance. In India, where 99% of grocery sales occur
in the informal sector, any growth in grocery market share faster than
market growth that is experienced by formal retailers will certainly be
at the cost of and losses in the informal sector.
Even if it is
late, producers and manufacturers should first be given an opportunity
by creating adequate irrigation, roads and logistics infrastructure
including decentralized modern storage facilities to embrace the
competition. In absence, only big money and deep pockets can make money.
Am not against Retail FDI, its just that this government decision is
grossly unfair for Indian producers and retailers who inspite of years
poor infrastructure and logistics support – for which they have been
paying taxes for years – have been trying to provide best possible
consumer experience within their means.
No comments:
Post a Comment