Business Daily from THE HINDU group of publications
Saturday, Dec 29, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Dec 29, 2007 ePaper | Mobile/PDA Version |
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Retailing Industry & Economy - Events Buddhadeb defends corporates’ retail entry 
Cautious shift: The West Bengal Chief Minister, Mr Buddhdeb Bhattacharjee, speaks at the 153rd AGM of the Bengal Chamber of Commerce and Industry in Kolkata on Friday. - A. Roy Chowdhury Our Bureau Kolkata, Dec. 28 The West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, on Friday defended entry of corporate houses in retail, saying, “if we want a market mechanism, we must allow corporate houses in retail, though slowly and cautiously.” Addressing the annual general meeting of the Bengal Chamber of Commerce & Industry here, Mr Bhattacharjee indicated that his Government was trying to work out a compromise formula to obtain the benefits of modern market mechanism without sacrificing employment opportunities. Conceding that the entry of big corporates might throw a number of people out of jobs, mostly old time intermediaries between farmers and consumers, he said, “we’re examining how to protect them.” Reliance’s retail plans for Bengal on Trade body opposes retail players' entry Reliance Retail's Bengal foray may be delayed Bengal may see spurt in retail malls in the next 18 months More Stories on : Retailing | Events | Industry Associations
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