If an Indian businessman can buy up the largest steel manufacturing company in the world,
if Indian companies can invest in projects all over the world, then why this refrain that ONLY FDI can improve infrastructure in retail?
Why don't Indian companies invest more in retail ? If it is profitable for Walmart, then why not for Aditya Birla and Reliance? Can they not do whatever it is that Walmart or Tesco does ?
3 comments:
Exactly! In fact Bharti already has an alliance with Walmart and they are in operation! So the move for FDI in retail has something more than meets the eye. Could it be that this is a requirement imposed by the Corps for FDI and FII to come back into India? Why isn't the medie looking at this more closely? Yes we know. They do not look at anything closely.
Can't the same argument be given to block FDI in every sector.
Second, can't the same argument be given in favor of FDI. If our businessman can compete with the best in the world, why are we afraid of FDI.
@DS- Yes. My point is why this hooha? Why are the Reliance/Birla not investing in retail infrastructure when they are in it already. And if they are not investing, why do we expect Tesco to do so? Why project the entry of Walmart as the panacea for farmers?
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