Financial Daily from THE HINDU group of publications
Tuesday, May 17, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 17, 2005 |
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Opinion
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Letters FDI in retail
FDI in retail is occupying centre stage in the media with debates for and against allowing FDI in Retail. Top retailers such as Walmart are eyeing India for a share of the growing consumer spend. Worldwide, Walmart is known to cash in on the logistic advantage of location with lower infrastructure costs to offer consumers the end product at the lowest price. With growing urbanisation and demand on space it would make business sense to offer to open FDI in Retail in notified rural areas. For ages, India is familiar with the weekly village shandies or haats, as they are called in the Hindi belt, where there is a B2B and B2C commercial contact for products. By allowing FDI in retail, we are only systematising the old village bazaar concept with the obvious logistic advantages of making available hygienically merchandised FMCG products. The Left parties too would be satisfied with employment generation in rural areas among the educated unemployed who at present make a b line to the already crowded cities which are bursting at the seams. Adapting retail formats to basic Indian needs' should be the slogan. R. Vijaykumar Chennai Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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