India's Bharti and Wal-Mart in retail tie-up
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Posted on: 27-11-06 14:09:52
Wonder how this venture will provide expected results...
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-27T045246Z_01_DEL232181_RTRIDST_0_BHARTI-WALMART-UPDATE-1.XML&rpc=66&type=qcna
"The joint venture with equal stakes will operate in areas where the government allows foreign investment in retail like cash-and-carry and logistics," Bharti Enterprise Chairman Sunil Mittal said. "
CDs with knowledge and experience in this field, please share your comments.
Hiren
Quote:
Originally posted by hchheda
Wonder how this venture will provide expected results...
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-27T045246Z_01_DEL232181_RTRIDST_0_BHARTI-WALMART-UPDATE-1.XML&rpc=66&type=qcna
"The joint venture with equal stakes will operate in areas where the government allows foreign investment in retail like cash-and-carry and logistics," Bharti Enterprise Chairman Sunil Mittal said. "
CDs with knowledge and experience in this field, please share your comments.
Hiren
Retail is the next big thing in India..... like telecom and IT, will change the face of India .....
If Walmart brings in Chinese goods to India, then it will change the face of the entire nation. But would drive out local businesses which is not right.
Quote:
Originally posted by puttoo
Quote:
Originally posted by hchheda
Wonder how this venture will provide expected results...
http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-11-27T045246Z_01_DEL232181_RTRIDST_0_BHARTI-WALMART-UPDATE-1.XML&rpc=66&type=qcna
"The joint venture with equal stakes will operate in areas where the government allows foreign investment in retail like cash-and-carry and logistics," Bharti Enterprise Chairman Sunil Mittal said. "
CDs with knowledge and experience in this field, please share your comments.
Hiren
Retail is the next big thing in India..... like telecom and IT, will change the face of India .....
Will they able to offer the return policy n customer service like the rest of the world? Besides price, how will they be different than the small shops?
Quote:
Originally posted by desi in ottawa
If Walmart brings in Chinese goods to India, then it will change the face of the entire nation. But would drive out local businesses which is not right.
I think if they are able increase retail sales in general, local business will proft as well.
Walmart concept is not a success in all their global locations. In fact last year their German operations have been a failure and hence they needed to close down many of their stores and consolidate.
Walmart - Bharti's will face its Waterloo in India. They are going against Reliance. The idea of bringing in Bharti is to get through the initial hiccups and getting things done with the government. The minute operations are smooth Walmart will buy out Bharti.
But the situation is not rosy and Reliance will create all sorts of road blocks for this competition.
http://economictimes.indiatimes.com/articleshow/609706.cms
According to the agreement, Mr Mittal will own the company running the front-end retail operations, while both Wal-Mart and Bharti will invest jointly in another company, which will engage in cash-and-carry, logistics, supply chain and sourcing — areas in which FDI up to 100% is allowed.
The patriotic Mr Mittal may have chosen Independence Day to start his ambitious venture, but it is unlikely that the Swadeshi brigade will be amused. After all, the whole idea behind the numerous restrictions on FDI in the retail sector was to keep the $316-billion behemoth Wal-Mart at bay, even though its main USP is value-for-money for the average consumer.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
This will be bad for Indian people who are working in the Manufacturing sector. We don’t Walmartisation of our Indian Economy. The whole US is Walmartisation economy.
The govt. should put restriction on the product that is sold and it should be 80% of Indian Content, other wise Indians will be buying Chinese goods (which are subsidized by Chinese govt.) which they will dump in India. Our Manufactures will go bankrupt and people will be loosing jobs.
So Say “NO WALMARTISATION “
