FDI in retail- Will it be a game changer?
Printed From: The Equity Desk
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Forum Name: Sector talk
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Printed Date: 19/Apr/2025 at 4:29pm
Topic: FDI in retail- Will it be a game changer?
Posted By: rohit1889
Subject: FDI in retail- Will it be a game changer?
Date Posted: 25/Nov/2011 at 12:41pm
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Who will be major beneficiaries of FDI in multi-brand retail? Companies focused on Retail: 1. Pantaloon 2. Trent 3. Shoppers Stop 4. Vishal Retail 5. Koutons 6. CESC Opening the doors for 51% FDI in multi-brand retail will give a big fillip to domestic retailers, as it will help them pare debt and scale up operations the move will benefit Pantaloon the most as it will help trim debt and enable it to continue expansion It will also help Tata’s retail venture http://www.moneycontrol.com/india/stockpricequote/retail/trent/T04 - Trent as it has and continues to seek tie ups with global retailers who are eagerly waiting to enter India Among other retailers like Bharti could extend its back-end alliance with WalMart to the front-end and Trent may expand its relationship with Britain’s Tesco, possibly for a front-end joint venture The policy will give an opportunity to established domestic retail players to unlock value given that they have an established front-end system and more importantly a presence in prominent real estate locations Angel Broking estimates India’s organised retail market to be worth USD 28 billion at present and sees it nine-times bigger by 2020 Source: http://www.moneycontrol.com/news/market-edge/fdiretail-which-stocks-to-bet-on_624203.html#toptag - http://www.moneycontrol.com/news/market-edge/fdiretail-which-stocks-to-bet-on_624203.html#toptag Views invited ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Replies:
Posted By: snehaldani
Date Posted: 25/Nov/2011 at 1:40pm
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Hopefully, the real winners will emerge a decade from now on. Modern Retail in underpenetrated market like India is a long haul and deep pocket game. Who knows, real winner may turn out to be one which may not be even under focus today. One option could be: Continue to closely monitor the sector and look at the emerging company in the field which is as agile in building up scale in retail as Pantaloon and as focussed on profitable growth and bottom line as Trent. ------------- Snehal P.Dani |
Posted By: rohit1889
Date Posted: 25/Nov/2011 at 2:59pm
Agreed. Also we may not see immediate investments from Foreign retailers. January 1997: 100% FDI allowed in cash & carry wholesale trading, with case-by-case clearance Octovber 2003: Germany's Metro becomes the first foreign company to set up cash & carry wholesale store in Bangalore May 2009: Bharti-Walmart opens its fi rst cash & carry wholesale store in Amritsar So after 6-7 years Metro opened cash and carry store in India. This time we may not have to wait for 6-7 years due to India's booming consuming population. But it might be still 1-2 years before anyone makes a significant entry ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: shontou
Date Posted: 25/Nov/2011 at 3:09pm
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Uma Bharti says she would burn any Walmart store that opens here. ------------- Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday? |
Posted By: rajnsharma
Date Posted: 25/Nov/2011 at 3:40pm
What else you can expect from her? The fiery sadhvi wants to play with fire.  ------------- Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett |
Posted By: rohit1889
Date Posted: 25/Nov/2011 at 4:01pm
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Views of various retailers about govt. decesion to allow FDI in retail: http://www.firstpost.com/business/fdi-fineprint-easing-fdi-doesnt-ease-problems-plaguing-retail-140131.html?utm_source=MC_TOP_WIDGE http://www.moneycontrol.com/news/business/fdiretail-will-bring-quality-awareness-sudar-garments_624370.html http://www.moneycontrol.com/news/business/fdiretail-to-increase-rentals-by-25-30-phoenix-mills_624365.html http://www.moneycontrol.com/news/business/fdiretail-is-very-positive-for-sectorco-provogue_624363.html http://www.moneycontrol.com/news/business/fdiretail-biyani-sees-inflows368bn5-10-years_623996.html http://www.moneycontrol.com/news/business/increased-competitionretail-to-cool-inflation-ajay-dua_623995.html http://www.moneycontrol.com/news/business/industry-welcomes-fdimulti-brand-retail_623988.html http://www.moneycontrol.com/news/business/fdiretail-will-focustier-1-cities-first-provogue_620197.html ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: rohit1889
Date Posted: 25/Nov/2011 at 10:26pm
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FDI IN RETAIL – THE WORLD AT YOUR DOORSTEP
By RumaDubey Two good decisions in two days. If this mood of gloom and doom had not persisted, these would have led to a boom! First the announcement of an able successor to Ratan Tata and then the much awaited Cabinet nod to increase in FDI in retail – 51% in mutli brand and 100% in single brand. For the layman, what this news means is that there will be more malls and for those a little bit better informed it will mean India could soon have the likes of Ikea, Wal-Mart, Starbucks, Tesco, Carrefour , Staples, Gas and many more such retail chains setting shop. More choices, more shopping. Ahoy consumerism! But before we get out our shopping bags and debit cards, it would be best to get more informed about this FDI approval. What is multi brand retail and single brand retail? A super market, hyper market, the likes of Big Bazaar, SahakariBhandar, Apna Bazaar and Shoppers Stop are examples of multi brand retail. It is like a one stop shop for many brands. On the other hand single brand is essentially just one brand under one shop – like Titan Showroom or Tag Heur ,Koutons, Fab India. But sometimes there is an overlap – you may find brands like Titan or Tag Heur or say, designer Anita Dongre even in these hyper markets. Thus some exist both, in single as well as multi brand. And that is where the definition needs to be cleared up. Does this mean we will see money come pouring in from tomorrow? Not really. This is a door which has been opened up and it is upto the foreign players to chalk out their entry. Given the current turmoil in Europe, USA and around the world, though all would welcome this move, it may take a while to set the ball rolling. So the effect of this Cabinet nod will be seen only 2 to 3 years down the line. Also remember, setting shops would mean huge investments and more importantly, large tracts of land would be required. Finding space on the high street would definitely be a challenge Will the kirana’s become a relic of the past? Nah! Despite Big Bazaar and D-Mart, kirana’s have continued to thrive. How many local grocer shops have you seen shut down in your neighborhood? They will co-exist. India is unique in the sense that people will continue to do their day-to-day shopping at these local stores and malls will be an outing or will warrant buying when there are mega sales. Footfalls at malls are high but how many people really buy? When you need milk, do you rush to the local grocer or Big Bazaar? And home delivery of your half kilo dal and quarter kilo rice? Can a super market give you that? Thus proximity and that relationship built with the local stores will score over the lure of the malls. There are around 14 million small shops and none of them have downed shops, with many turning smarter and keeping up with the changing times. Even today, kirana shops at street corners account for 90% of $590 billion retailing in India and there is now way that this increased FDI will replace that. Does this mean that if Ikea comes, carpenters will go out of work? No way! Infact likes of Big Bazaar and Shoppers Stop need to worry when Wal-Mart or Tesco sets shop. Will this FDI cause inflation? Unlikely in big cities. After the coming of super markets, haven’t the cost of clothes and footwear gone down. Pulses and grains are also sometimes cheaper during the big sales. Multi-brand retail augmenting food supply chain will help build back-end infrastructure and though this will take time, it is sure to lead to price advantage.Opening the sector will increase competition and improve efficiencies and thus help bring down prices. It would become more about volumes than margins alone. The FDI approval has the essential caveat that procurement should be directly from the farmer. This would mean more money in the hands of the farmer, which is a very good thing and at the same time, it will bring down the gap between the farm-gate prices and what a consumer pays at the shops, which currently is almost double. Reliance Fresh has tied up directly with farmers and this has done away with intermediaries and thus brings down the margins. FDI will increase unemployment? First and foremost the premise of this fear, kirana’s going bust, is in itself at fault. Local shops will co-exist and these new and bigger malls will generate more jobs, not just in retail but in realty, construction and consultancy. Experts said the industry would need additional manpower of 15 to 30 million in 10 years. The industry currently employs 35 million people. As per a report on retailing, front-end and back-end operations, store operations, merchandising, logistics and distributions, marketing, procurement, purchase and corporate services are some of the jobs created. Currently, store operations employ 75 to 80% of the retail workforce, merchandising 5-8%, marketing 5-8% and others around 10 to 15%. As time goes and more investment comes in, more jobs will be created. Carrefour India's managing director, Jean Noel Bironneau, had said, “If Carrefour starts its retail operations in India, in about 10 years, we would provide direct and indirect employment opportunities to approximately 20,000 people in the stores itself.” But the road block will be getting quality manpower and training is where companies will have to invest big time. Does a Cabinet nod mean it’s a law already? It’s a long drawn process. After the Cabinet approves the Bill, it is introduced in Parliament. Every Bill goes through three Readings in both Houses before it becomes an Act. First reading is introduction of the Bill, second reading is consideration of the Bill and third reading is the passing where House votes on the redrafted Bill. If the Bill is passed in one House, it is then sent to the other House, where it goes through second and third readings. After approval from RajyaSabha and LokSabha, the Bill is presented to the President for assent. After the President gives assent, the Bill is notified as an Act. Subsequently, the Bill is brought into force and rules and regulations to implement the Act are framed by the concerned ministry, and tabled in Parliament ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: subu76
Date Posted: 25/Nov/2011 at 11:00pm
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I don't quite get the point about how modern retail will actually create more small retailers and how they'll coexisit like now. Personally, I now buy a lot less from my local kirana since i like the comfort of shopping in a mall. Almost everyone i talk to has similar experience
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Posted By: rajnsharma
Date Posted: 25/Nov/2011 at 7:50am
I have the exactly opposite feeling. My neighbourhood Kirana store delivers the items to me over phone. They give me 3% discount as well. When I go to Reliance Mart it takes me half an hour in queue after finishing the shopping. I feel both will co-exist but the local kirana have to maintain their emotional conection. Those who are not able to maintain that will be wiped out.
------------- Wall Street makes money by it's activity, while you can make money by your in-activity - Warren Buffett |
Posted By: ravi123
Date Posted: 25/Nov/2011 at 8:34am
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The hiking of the FDI into multibrand retail to 51% would pave the way for the entry of Walmart, Carrefour and other organized retailers. According to Anand Sharma it is expected to create 10 million jobs with 4 million direct jobs and 6 million in logistics and would pave the way for billions of dollars invested in back-end infrastructure, cold chains,etc. Even In Indonesia where similar provisions exist it still has 90% of the business being generated by small retailers even after nine years have elapsed. A good policy from Anand Sharma.
------------- 2013-2019 equity bull run like the 2003-08. Sensex to see levels of 50,000-60,000. |
Posted By: subu76
Date Posted: 25/Nov/2011 at 9:16am
Sure, kirana stores that can innovate will not get wiped out but some business will be snatched away. Earlier I'd shop exclusively from Kirana stores.Now i shop essentials from kiranas. Even my parents have ditched their 20 year old kirana shop About 60-70& of my business goes to the retailer. Anyway, I'm happier shopping in Spar/Heritage Food/Inorbit since i like the ambience/AC/number of SKUs/parking and convinience
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Posted By: subu76
Date Posted: 25/Nov/2011 at 9:22am
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Any major policy decision will always have pros and cons. Unfortunately, it's hard to come by studies which highlight both aspects in a dispassionate manner The reports and articles all seem to be extremely biased depending upon which camp has authored it.
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Posted By: S.Varghese
Date Posted: 25/Nov/2011 at 9:36am
------------- Fools rush in where angels fear to tread. |
Posted By: gaurav12123
Date Posted: 26/Nov/2011 at 2:06pm
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Titan is also retail play.
don't you think Titan will also get benefited. ------------- When I Trade i Try To Earn Infinity. |
Posted By: rohit1889
Date Posted: 26/Nov/2011 at 4:49pm
If i'm not wrong Titan will qualify as single brand retail. It was opened for FDI long before. ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: ambore
Date Posted: 26/Nov/2011 at 8:26pm
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Does the decision need approval from Parliament? Even it if it is approved, please note state governements still could create problems at the local level. Even in the best case scenario, I am looking at a time frame of at least six months to one year for Walmart, Tesco, Carrefour, etc. to start operating. Instead of focusing on the current retail players, why can't we look at the new ideas in the segments like - frozen/packaged food, supply chain, packaging, etc. that can take of advantage of it. It is a positive news for real estate companies also. ------------- Ramana Rao Ambore |
Posted By: manish_okhade
Date Posted: 26/Nov/2011 at 10:38am
| On another thought, if retail story becomes huge then companies with product for cold storage will also do well. |
Posted By: jamesvaikom
Date Posted: 26/Nov/2011 at 11:55am
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Unfortunately in my state kerala, politicians are more concerned about the welfare fo traders and middlemen than welfare of farmers and consumers. In kerala there is huge demand for unskilled workers. So even if some people loss job due to FDI, they can easily get other unskilled jobs. These politicians are not concerned about 40% vegetables produced in our country are rotten because small retailers can't preserve vegetables. Organized retailers who are capable of producing value aded products from crops can provide better rates for farmers. But small retailers are not capable of adding value to crops.
http://jamesvaikom.blog***.com/2011/11/cabinet-approves-fdi-in-retail.html |
Posted By: manojc
Date Posted: 27/Nov/2011 at 4:52pm
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On another thought, if retail story becomes huge then companies with product for cold storage will also do well.
--------------------------------------------------------- Can TCI use this opportunity? They are the sector leaders and available very cheap now. |
Posted By: Kishor
Date Posted: 28/Nov/2011 at 1:41pm
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Hi
Will allowing FDI in retail affect Titan in an adverse way.Forgive me if this is a stupid question.
Kishor
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Posted By: TCSer
Date Posted: 28/Nov/2011 at 8:09pm
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Can SOMEBODY THROW SOME LIGHT ON APMC & its impact on the pricing of food in India & what wud be the impact of allowing FDI in retail on it?
------------- Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays |
Posted By: subu76
Date Posted: 30/Nov/2011 at 8:34am
| I think the support by US govt to this retail move has all but scuppered any prospects of it actually happening. |
Posted By: basant
Date Posted: 30/Nov/2011 at 8:54am
.... a few years later WIkileaks will make this more clearer  ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: sajit
Date Posted: 30/Nov/2011 at 8:58am
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Posted By: wiseowl
Date Posted: 30/Nov/2011 at 10:33am
No impact virtually. APMC is a govt/ govt mandated agency to buy produce from the farmers. Only they can buy in bulk quantities from farmers. It is basically a "middleman" . Each state (though there could be some exceptions) has its own APMC rule . There are very cumbersome rules like farmers can sell only within their own state. i.e, to the APMC of their state., etc. The bottomline : food inflation remains high in India because of govt regulations on supply and price. ------------- You alone are responsible for your actions. |
Posted By: jamesvaikom
Date Posted: 01/Dec/2011 at 1:39pm
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"India has 600 million farmers, 1,200 million consumers and 5 million traders. Both farmers and consumers are benefited by FDI in retail,"
http://economictimes.indiatimes.com/news/economy/agriculture/fdi-in-india-farmer-bodies-throw-their-weight-behind-retail-fdi/articleshow/10939054.cms Retailers can make profit by providing services like home delivery. But they prefer to make profit by preventing organized retailers from opening new shops. Organizations of unorganized retailers are acting like organized criminals. |
Posted By: basant
Date Posted: 01/Dec/2011 at 2:07pm
ET is biased with a capital B because of their inteest in a few retailing companies. Why can't these guys disclose vested interest upfront?
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: jamesvaikom
Date Posted: 02/Dec/2011 at 12:00pm
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Dear basant sir,
According to me we should give importance to whether points discussed in articles are valid or not. Promoters of most financial media are active in trading and investing. But still we take many investment decissions after reading articles. But I agree that should make disclosure. |
Posted By: rohit1889
Date Posted: 02/Dec/2011 at 12:16pm
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I think FDI in retail will be a boost for logistics and cold storage sector due to mandatory investment. Which are the good players in this sector? ------------- If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. |
Posted By: wiseowl
Date Posted: 02/Dec/2011 at 3:41pm
New players that are not listed could emerge...  ------------- You alone are responsible for your actions. |
Posted By: ravi123
Date Posted: 02/Dec/2011 at 6:08pm
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The retail sector comprising Walmart has about 400 billion dollars in revenues employs slightly over 1.4 million people. The retail sector in India is similar in revenues to Walmart and employs about 44 million people. Such labour intensity is definitely a curse and is something which cannot be disturbed as repercussions of the same will see people living on roads in India.
------------- 2013-2019 equity bull run like the 2003-08. Sensex to see levels of 50,000-60,000. |
Posted By: ungboysj1
Date Posted: 02/Dec/2011 at 7:34pm
I do sometime think that what is the aim of any sector/company in an economy to increase productivity or to generate employment. We can't have a business in a "free" economy for generating employment ,if generating employment is the main priority why not get rid of machines/computers and have everyone employed , how many jobs have been lost due to them Also how many Chinese & Indians have got American company jobs & their own people are unemployed, as companies aim is to increase productivity & minimize costs not to generate employment Although i m not a fan of it , but In capitalism all concentration should be on increasing productivity even if it means job losses , we can't have jobs only for sake of it What we do need is better labor laws to stop labor exploitation |
Posted By: aniljain
Date Posted: 02/Dec/2011 at 9:11pm
valid argument but that is what capitalisum mean. ------------- Investment is an art, not science |
Posted By: subu76
Date Posted: 09/Dec/2011 at 6:20pm
| The other side of the story http://www.tehelka.com/story_main51.asp?filename=Ne101211Coverstory2.asp - http://www.tehelka.com/story_main51.asp?filename=Ne101211Coverstory2.asp |
Posted By: jamesvaikom
Date Posted: 11/Dec/2011 at 1:05pm
Its true that many unskilled laborers will loss their job. But in states like kerala there is huge shortage for unskilled workers. Reduction of small shops will help reduce unproductive works and wastage of vegetables. |
Posted By: subu76
Date Posted: 11/Dec/2011 at 2:43pm
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The Indian government is not able to enforce basic rural penetration contracts signed with telco players or cheap housing/enviromental contracts with real estate players.
(We all know why) The story on oil exploration contracts is unfolding. To think that this sort of government can enforce SME buying limits with retail players does not seem right. |
Posted By: nav_1996
Date Posted: 11/Dec/2011 at 2:53pm
| This is very true observation. Defense offset is being misused blatantly by out sourcing bording and lodging work to India (some small out fits who again route the remaining money back to MNCs). |
Posted By: subu76
Date Posted: 11/Dec/2011 at 3:04pm
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Yup, as soon as retail is allowed a lot of manufacturing in India will move to China. Offcourse, it's moving anyway but retailers will only speed up the process.
Retailers -> manufacturers -> China China thoroughly deserves to succeed since they have taken the trouble to become world's manufacturer but atleast we should be truthful |
Posted By: nav_1996
Date Posted: 11/Dec/2011 at 4:03pm
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True we need to lot of prudence and thought process in policy making in today's tubulent world.
We are trying to follow decades old western world policies which are them selves being questioned today. Our policies should focus on achieving better Human Dev Index for a large population we have rather than chasing lop-sided short term growth. Lot of this may not show up on balance sheet and please markets in short term. |
Posted By: subu76
Date Posted: 11/Dec/2011 at 4:22pm
| Yeah, the problem with such gray issues is that a lot depends upon the implementation. |
Posted By: subu76
Date Posted: 11/Dec/2011 at 4:23pm
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I'm not sure how it's a given that modern retail will automatically mean farmers will earn more.
My understanding is that in the modern retail system we'll have fewer middlemen. Shouldn't this automatically mean that middlemen will have better bargaining power and hence will squeeze suppliers more? Offcourse, we'll have reduced wastage but not sure if that necessarily translates to better monetization for farmers |
Posted By: subu76
Date Posted: 11/Dec/2011 at 4:55pm
| I think one big advantage of retail might have been much lower prices. It always surprises visitors to US that many articles are much cheaper there. |
Posted By: nav_1996
Date Posted: 11/Dec/2011 at 5:48pm
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Yes that has been achieved by shifting manufacturing en-mass to China and artifical US-China exchange rates. That will be suicidal to India. Walmart has played a major role in that.
There are case studies which shows how Walmart squeezes suppliers. |
Posted By: manishdave
Date Posted: 11/Dec/2011 at 6:41pm
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FDI in retail was important but its importance is exaggerated. There are many reforms, not controversial, which are not being touched. Why can't govt. make reform where contracts are strictly enforceable?If breached, make sure legal course doesn't take too long. This will bring much more efficiency to bring down inflation. |
Posted By: S.Varghese
Date Posted: 11/Dec/2011 at 7:32pm
Agree 100%.
And if the people think it is important and if the congress think it is important then they should make this a poll plank for the next election.
But I still think certain political parties are supporting the middlemen at the expense of the larger community of farmers and consumers. I hate it when politicians do this. ------------- Fools rush in where angels fear to tread. |
Posted By: manishdave
Date Posted: 11/Dec/2011 at 7:50pm
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I am for FDI in retail or open trade for that matter. But why don't we pick low lying fruits first? We have large apartment complexes. And common maintenance is in mess. Some people just don't pay it and there is always fight. Why can't we have law for that? So many franchise business but we don't have law for that. Even if we have law for bounced checks, it takes years in court. Why? It is so simple. Why does it take so long? So FDI is not happening but move on and do what is possible. But nothing is moving in this Govt. Worst ever I have seen. It was not just opposition. Party itself was opposed to FDI in retail. Its partners were opposed. Not getting support is problem from congress than opposition. In politics, they should have taken then into confidence. That is how it generally works. But this Govt. is so inefficient and yet so arrogant, that there is no line of communication. |
Posted By: nannu_68
Date Posted: 11/Dec/2011 at 9:19pm
I think they always knew what would happen to FDI in retail. Intention was to divert pressure from PC and lokayukta issues and in that they have succeded to some extent. ------------- nannu |
Posted By: jamesvaikom
Date Posted: 11/Dec/2011 at 10:35pm
Due to scarcity of food items there are many restrictions on using agricultural land for other purposes. But if we reduce wastage then Govt. can reduce those restrictions. Organized retailers can unlock value of crops by making value added products. If product made from a crop becomes success then value of that crop will increase. Also Organized retailers will pay more tax. |
Posted By: nav_1996
Date Posted: 11/Dec/2011 at 8:21am
| In this whole debate of focussing on retailer, middlemen and farmers, landless labourers have been forgotten. They are the most vulnerable to rise any rise in food prices. It is good that farmers get higher prices. But it will need to matched with increase in daily wages for this unskilled labourers. |
Posted By: basant
Date Posted: 11/Dec/2011 at 9:08am
These are the evils of capitalism. However NREGA benefits the landless labourers more then anyone else. they get 8 hours pay for 3 hours work and to add to this the new food security bill should help those below the poverty line we can debate the inefficiency of this bill but it does benefit them. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: subu76
Date Posted: 12/Dec/2011 at 6:45pm
Given the fragmented nature of Indian agricultural land won't farmers struggle to negotiate with bigger retailers
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Posted By: xpresso
Date Posted: 12/Dec/2011 at 6:52pm
| It will probably help farmers move towards better quality output - hence better gains, not for what they already produce. |
Posted By: gyansr
Date Posted: 12/Dec/2011 at 7:01pm
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Hi Subbu,
Simple rule of capitalism says that more competetion always benefits the consumer. If there are more big retailers, attempting to source directly from the farmer, then farmer obviously benefits. Say, today there is only one middle man trying to procure the produce from farmers, if tomorrow, five more big retailers get added to the process, it should be simple to guess who will benefit.
Same rule applies for the consumers, who benefit from better competition.
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Posted By: sajit
Date Posted: 12/Dec/2011 at 11:03am
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http://blogs.timesofindia.indiatimes.com/Swaminomics/entry/online-shopping-is-the-real-threat-to-small-shopkeepers - http://blogs.timesofindia.indiatimes.com/Swaminomics/entry/online-shopping-is-the-real-threat-to-small-shopkeepers Real threat is online shopping? while this is true for bookshops and may be electronic goods.. groceries are still bought from shops is US also. |
Posted By: jamesvaikom
Date Posted: 12/Dec/2011 at 11:28am
According to me many value added products can be made from fruits like Jackfruit. If demand becomes huge then they can export the product to many countries. If demand of product increase then automatically demand for Jackfruit will also increase. Anyway organized retailer selling value added product is better for farmers than small retailers selling the fruit until they becomes rotten. Also now a days if farmers get good harvest due to good weather then they will definitely make loss as there won't be any takers for the crops due to less demand. But if there are more organised retailers then even if they pay less rate they will buy all the crops and preserve them in storage. So even if farmers get less rate they earn more as they can sell more. |
Posted By: samirarora
Date Posted: 13/Dec/2011 at 10:36am
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Government let the opposition win for now, but FDI is going to happen, there is no way to stop it now.. they got the momentum going and its now not going to stop. Better to be positive on this one, as playing politics means to back off sometimes only to hit back harder. There is no way that FDI in retail is not happening. ------------- |
Posted By: manishdave
Date Posted: 13/Dec/2011 at 10:47am
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We are talking about FDI in retail as it will ELIMINATE middlemen. Do you know who is the biggest middleman? It is the Govt. It collects money from us. Then spends lavishly on salary, perks etc. officially. Then some money gets transferred to Swiss unofficially. Some goes into gold and some goes into real estates. So NREGA, FSB, PSUs all this is nothing but Middlemen. Even the biggest leader of a prominent party confessed that only 5 paisa of benefit goes to people. So first remove these middlemen who eat 95% and add little value. |
Posted By: samirarora
Date Posted: 13/Dec/2011 at 11:06am
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anyone who is intelligent and also patriotic and has the best interests of India overall speaking at heart will be positive on Retail sector reforms and huge investment in backend operations involved in retail sector. This requires HUGE investments in the sector and since our own government does not have the said funds nor does the private sector able to cough up the funds, hence FDI is required and now time is of the essence as the needs of thsi country are going up exponentially and supply is not growing at the same speed and nor is productivity. Anyone opposing this has some selfish concern or is brainless and does not understand what he/she is talking about....or maybe, they are just jealous that its not them who are doing this but another political party...and the commies have to oppose everything that is progressive..thats what makes them commies. ------------- |
Posted By: subu76
Date Posted: 14/Dec/2011 at 8:21am
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In newspapers in the States i rarely see any discussion about the positive effects of employment by Walmart thought it is one of the largest employers in US. Most articles are about the exploitative nature of the company when it comes to employee practises. Costco, Target off course has much much better reputations. |
Posted By: wiseowl
Date Posted: 14/Dec/2011 at 11:33am
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That's probably topical because of the high employment rate in the US right now. 20yrs ago one would have read articles on how Walmart has helped the middle class by lowering prices.
------------- You alone are responsible for your actions. |
Posted By: subu76
Date Posted: 21/Dec/2011 at 6:50pm
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While the Retail Issue is black and white I must say that our very own retailers do not deserve a bail out. It's doubtful if they ever tried to establish a trully profitable model. I think it was all about growing fast and selling out based on that growth or achieving a high market cap.
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Posted By: manishdave
Date Posted: 21/Dec/2011 at 8:01pm
| FDI retail will happen in 2012 after elections. If Govt. do their homework and abstain from arrogance it should be done. But at the same time don't expect billions of dollars of inflow. Huge inflow can come is infrastructure, mining and manufacturing. They need to remove hurdles there first. |
Posted By: subu76
Date Posted: 23/Dec/2011 at 12:14pm
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Merely by following up actively to ensure all private investments already made into building large scale power plants don't go waste we can create a huge positive sentiment about our industrial situation and about our banks. |
Posted By: paps3535
Date Posted: 23/Dec/2011 at 6:56pm
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good read..
http://www.tehelka.com/story_main51.asp?filename=Ne101211Coverstory.asp - http://www.tehelka.com/story_main51.asp?filename=Ne101211Coverstory.asp ------------- Everything has good end.if it is not good,then it is not the end. |
Posted By: subu76
Date Posted: 25/Dec/2011 at 8:49am
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Other side of the story http://www.thehindubusinessline.com/opinion/article2747451.ece?homepage=true - How FDI in retail will hurt farmers
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Posted By: oakleysunglasse
Date Posted: 22/Jan/2016 at 7:31am
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