Debate Mansion

   

Multi-Brand FDI: Trick or Treat ?

Poll Question: Pls cast your vote :)

Poll Choice Votes Poll Statistics
0 [0.00%]
5 [83.33%]
1 [16.67%]
0 [0.00%]
This topic is closed, no new votes accepted

Post Reply New Post

Page 1 of 1

Lumos

IF-Rockerz

Lumos

Joined: 20 March 2011

Posts: 9406

Posted: 22 September 2012 at 11:21pm | IP Logged
Hello folks,
Indian government proposes to increase FDI equity in multi brand retail and aviation in the country, which has led to sharp criticisms from the opposition. Such is the political ongoing tussle that TMC decided to withdraw support from incumbent UPA.
Is the government resorting to such acts to cover up and elude their corruption scandals or genuinely concerned about bringing economic reforms? People are choked with many such questions and fears.
Do share your comments.

The following 2 member(s) liked the above post:

zorrrosuan

Dear Guest, Being an unregistered member you are missing out on participating in the lively discussions happening on the topic "Multi-Brand FDI: Trick or Treat ?" in Debate Mansion forum. In addition you lose out on the fun interactions with fellow members and other member exclusive features that India-Forums has to offer. Join India's most popular discussion portal on Indian Entertainment. It's FREE and registration is effortless so JOIN NOW!

Angel-likeDevil

IF-Sizzlerz

Angel-likeDevil

Joined: 29 January 2010

Posts: 18230

Posted: 23 September 2012 at 2:33pm | IP Logged
TREAAATTT!
 
Is the government resorting to such acts to cover up and elude their corruption scandals or genuinely concerned about bringing economic reforms?
 
This is so incorrect and silly. No government would introduce such major landmark reforms just to cover up their faults. It's foolish to say that.  I dont see why the country is so apprehensive, bitter about FDI in retail while it's got so many advantages. Even the BJP was talking about introduction of FDI way back during the 90s. I think the ones who're against it are just politicising the issue by launching nonsensical, baseless tirades against the govt. The decision wasnt taken just by the politicians... it was moved by some experts in the PMO, the whole thing is researched, studied carefully and is decided by the experts of the country(people of the PMO). You do know that it's the PMO that's apparently the brain of the Prime Minister, dont you? Now, how can they take wrong measures or do it just to avert the attention of the country from the latest scandals? Come on, people need to grow up and use their brains. Implementing something that affects the entire country, entire economy, entire govt isnt done merely to "sideline corruption scandals" . Coming to the topic,
 
 
Firstly, I'd like to say that FDI in aviation was unavoidable. The aviation sector in India was already in it's lows, running into losses, thanks to PM's move, we can hope for some improvement in the aviation.
 
Secondly, FDI in retail is a beautiful move by the PM, and I'd say he should've done this long back. FDI in retail has so many advantages-
 
#1 -- More than anything, it improves the supply chain management which is lacking in India. Supply chain management deals with the procurement of commodities, storage, transportation etc.
#2 -- Due to the above stated advantage, there will be less loss, wastage of raw materials. Thousands of tonnes of raw materials(veggies and fruits) go waste just because of lack of supply chain management.
#3 -- Increases employment opportunities.
#4 -- Prices would come down, the consumers are at great advantage - cheaper commodities, quality, and wide range of choices.
#5 -- Increases the competitive ness among the enterpreneurs. This, I believe is essential. More competition, more research and production, more new stuff, imrpoved quality, more advantage to the consumers, more advantage to the economy.
#6 -- Farmers will be paid much better, because their produce will directly reach the stores.
 
 
I think it is a kind of a revolutionary step by the Indian government.
 
They say the small retailers and kirana shops will come to an end, but, I think it's wrong. I dont think they will be sweeped out. Afterall, the FDI backed stores will be opened only in towns having a population more than 10 lakhs. And, considering the fact that the traffic in India is very dense... not ALL the people will flee to multi-brand retail stores. Kirana shops will continue to exist... atleast for the next 20 years. Lets just take a look at Reliance Fresh, there's atleast one Reliance Fresh in a radius of every 5-6 kms in Hyderabad. Did the Kirana shops cease to exist?
 
There is a myth, that entrance of the foreign stores will have an impact on the domestically produced - especially the infant industries, I think the govt. already offers some subsidies to all the small-scale infant industries. It will be survival of the fittest, I think this should be taken in a competitive sportive spirit. That's what brings out a true enterpreneur anyway :)
 
There's one more myth, that foreign brand would 'invade' the Indian market. This is utter bullshit. The FDI in retail is 51% only. I dont understand how people make such blind comments. The Indian-made would incur losses, that means it wasnt that good anyways. I am up for anything progressive anything improved, anything better. We are consumers, the producers in India who want to fight the compeition, will. I dont understand what kind of person wouldnt want to buy something better and imrpove his quality of life. Ever worn a comfortable Indian-made jeans in your life?
 
Some countries like China, Singapore, Brazil,etc have no caps on the FDI . Those countries have allowed 100% FDI!
 
It is true, inflation would be increased a little for a while.. but, it will come down eventually and improve the economy.
 


Edited by Angel-likeDevil - 23 September 2012 at 2:44pm

The following 2 member(s) liked the above post:

zorrroRehanism

zorrro

Goldie

zorrro

Joined: 29 July 2008

Posts: 2144

Posted: 01 October 2012 at 4:36am | IP Logged
Why wasnt Walmart wlcomed in New York ?

Pratamesh

IF-Dazzler

Pratamesh

Joined: 02 December 2010

Posts: 4652

Posted: 03 October 2012 at 8:40am | IP Logged
The pro's and con's of FDI are never ending once. Bt the govt has taken the decision in haste which isnt right just in the name of reforms they are misusing their power No proper clauses have been put by PMO to check that farmer's get their price or for that matter that the companies wont get major foodstuff from outside the country n sell here without actually buying it from india. Also the so called transport and supply chain wont get any better few year's back india had invited FDI in developing storage chain bt none came forward.

Post Reply New Post

Go to top

Related Topics

  Topics Topic Starter Replies Views Last Post
Chines market vs Brand Names Vinzy 9 666 27 September 2009 at 2:29pm
By return_to_hades
MOTW - A treat from the new Mod

2 3 4 5 6 7 ... 23 24

Anuradha 190 7309 11 March 2008 at 11:40am
By raj5000
What is the best way to treat depression?

2

WillSmith456 12 589 01 March 2008 at 12:24am
By Vinzy
Bigger brand idea SRK or AK?

2 3

TallyHo 17 1129 17 January 2008 at 10:26pm
By lighthouse
Brand Name/Designerwear

2 3 4 5 6 7 8 9

~LiL*PrInCeZ~ 66 2789 19 June 2007 at 7:14pm
By raunaq

Forum Quick Jump

Forum Category

Active Forums

Limit search to this Forum only.

 

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.