Posted on Monday, September 17, 2012 - 11:18 am:

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Tilak:

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Posted on Monday, September 17, 2012 - 09:55 am:

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Tilak:

Oh .. then I wonder why dont we export the same cheaper stuff to the whole world .. we should make a buck there and fill some trade imbalance with countries ..

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Posted on Monday, September 17, 2012 - 09:51 am:

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Tilak:

I think they make most stuff cheaper than anyone else for the whole world to source them from there .. correct me if am wrong ..

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Posted on Monday, September 17, 2012 - 09:33 am:

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Tilak:

then I wonder why dont we export the same cheaper stuff to the whole world .. we should make a buck there and fill some trade imbalance with countries ..

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Posted on Monday, September 17, 2012 - 09:29 am:

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Dada:

Indian manufacturing in certain sectors is cheaper than china..... Infact ikkada nunchi China ki export chese chances unnayi emo kaani - akkada nunchi - India lo cheap gaa produce chese goods ni evadu import chesthaaadu - unless there is a significant quality difference and a segment of the amrket is willing to pay a premium for those. - But this segment will be small anyway.

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Kadapafan:

why do you think they would be cheaper than India labels for some one to source from China and take transportation costs etc..,??

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Posted on Monday, September 17, 2012 - 09:23 am:

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Tilak:

they may source even toothbrushes, toothpastes and soaps from China

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Posted on Monday, September 17, 2012 - 09:20 am:

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Tilak:

Kiraana kotlalo amme anni walmart lo dorukutayi ga .. and my point is .. they may source even toothbrushes, toothpastes and soaps from China to take the advantage over regular Kirana shops ..

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Posted on Monday, September 17, 2012 - 08:56 am:

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Kadapafan:

mari how will walmart becomes a threat to kirana kottu in goods which they dont sell??

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Posted on Monday, September 17, 2012 - 08:52 am:

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Tilak:

ade antunna .. Kiraana kotlalo .. China goods undadu ekkuva ani ..

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Posted on Monday, September 17, 2012 - 08:51 am:

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Kadapafan:

Toys, Plastic Goods enni ammutaaru Kirana kotlalo??

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Posted on Monday, September 17, 2012 - 08:49 am:

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Tilak:

India ki China ki .. antha lekapoyina .. for some reason (which u may help me know) .. there is huuge dumping thats going on .. plz check India-China trade .. and the imbalance ..

Kiraana kotlalo .. pedda China stuff ki avakaasam emundi .. having said that toys, plastic goods etc are all from China now .. even in retail markets ..

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Posted on Monday, September 17, 2012 - 08:33 am:

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Dada:

policy manchidhaa kaaadha?
manchidhi....

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Kadapafan:

US ki China ki unde tedaa India ki China ki undaa costs lo, annai asalu India lo Kirana kotlalo amme sarukulu China lo enni chestaru

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Posted on Monday, September 17, 2012 - 08:27 am:

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Tilak:

Walmart imports more than 80% of the goods it sells in US from China .. and China being a low cost manufacturer .. why will India be a different story?

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Posted on Monday, September 17, 2012 - 08:24 am:

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Tilak:

ministers Anand Sharma, Kapil Sibal and Chidambaram

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Posted on Monday, September 17, 2012 - 08:20 am:

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Kadapafan:

30% of things have to be sourced domestically is the rule. My question is do you think they will survive by sourcing more than 30% goods internationally?

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Kadapafan:

lol, why are some one assuming allowing FDI in Retail will solve India's problems.

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Posted on Monday, September 17, 2012 - 08:08 am:

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Kadapafan:

Anduke FDI aapeyyali UK lo

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Posted on Monday, September 17, 2012 - 08:06 am:

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Dada:

St.John's station lo konchem packed food stuff mana iddhara madhya transfer aina sangathi (when you were on your way to Lords) thelisthe - adhi kooda illegal - unaccounted transfer antaaru emo monollu :-)

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Posted on Monday, September 17, 2012 - 08:01 am:

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Kadapafan:

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Posted on Monday, September 17, 2012 - 08:01 am:

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Tilak:

Aditya Puri, CEO and Managing Director of India�s most successful private sector bank, HDFC Bank

http://www.firstpost.com/business/why-aditya-puri-thinks-we- are-in-cloud-cuckoo-land-458291.html

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Posted on Monday, September 17, 2012 - 08:00 am:

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Tilak:

did not get ur question .. export from where? India?

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Posted on Monday, September 17, 2012 - 07:59 am:

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Tilak:

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Posted on Monday, September 17, 2012 - 07:58 am:

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Tilak:

belief aa? based on what? corporate statements? everybody says so .. till caught .. history is replete with enron, warner bros and our very own satyam .. corporate does not mean they are honest essentially .. atleast in my books ..

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Posted on Monday, September 17, 2012 - 07:54 am:

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Dada:

articles evariana raayocchu

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Dada:

alaaa fraud chese vallandharni 12va avathaarama aina Narendra Modi bhasmam chesesthaaaRRRu....

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Posted on Monday, September 17, 2012 - 07:50 am:

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Tilak:

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Posted on Monday, September 17, 2012 - 07:47 am:

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Tilak:

even if the corporate retails dont source 30% of their goods within India .. they will fudge the records and say so .. meaning there wont be any advantage for domestic industry ani ..

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Posted on Monday, September 17, 2012 - 07:46 am:

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Dada:

let us believe and have faith in the people of India - they are not fools to be foooled by anyone - infact they are clever at screwing up the europeans or Americans :-)

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Posted on Monday, September 17, 2012 - 07:29 am:

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quote:

If you tell me that one Wal-Mart coming into India will solve your agriculture problems and issues about cold chain, production, irrigation and distribution, then you must be living in cloud-cuckoo land.

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Posted on Monday, September 17, 2012 - 07:10 am:

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Kadapafan:

I dont think a Walmart or Carrefour will fudge books to show that they are sourcing 30% domestically.

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Kadapafan:

How do you think they can survive if they export more than 70% of goods selling to Indian market?

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Posted on Monday, September 17, 2012 - 07:06 am:

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Tilak:

ofcourse mastaroo .. fudging of records is a big issue to be considered .. rather than fun or mocking .. it has to be dealt with seriously .. bcoz .. 30% sourcing of goods domestically is somewhat of a protectionist measure for Indian industry .. this is brought in as a concession to local industry while pushing FDI in retail .. and if that fails .. then we as a nation and economy are doomed ..

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Posted on Monday, September 17, 2012 - 07:05 am:

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Kadapafan:

Are you saying one should not have competition in Retail?

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Posted on Monday, September 17, 2012 - 07:03 am:

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Kadapafan:

Aa article edo cong bashing laaga undi kadaa mastaaroo, antha interest ledu

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Posted on Monday, September 17, 2012 - 07:03 am:

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Kadapafan:

mastaaroo, whats problem with Deloitte and PW Coopers, mistakes do happen that doesnt mean you make fun of their credibility. Ainaa records fudging chestaara cheyyara ane daani meeda policies frame cheyyaleru kadaa

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Posted on Monday, September 17, 2012 - 07:00 am:

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Tilak:

I think .. it is kind of both .. anyways .. lets wait for the future to reveal us the results ..

btw .. read this and tell ur opinion .. http://www.firstpost.com/politics/how-manmohans-omelette-cam e-out-as-scrambled-egg-458242.html

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Posted on Monday, September 17, 2012 - 06:57 am:

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Tilak:

you tell me .. nothing will happen? or will there be a small % loss .. and if so how much .. etc ..

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Posted on Monday, September 17, 2012 - 06:56 am:

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Tilak:

or may be manaki ala anipistundi .. bcoz we have our heart somewhere else?

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Posted on Monday, September 17, 2012 - 06:55 am:

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Tilak:

unilateral acceptance enti .. if the policy is beneficial .. why would not the states openly embrace it annadu .. even Kerala, Cong-ruled state, opposed FDI in retail ..

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Posted on Monday, September 17, 2012 - 06:53 am:

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Tilak:

ante PW Coopers .. Delloitte lanti vaatini drustilo pettukuni annadu le ..

even if the corporate retails dont source 30% of their goods within India .. they will fudge the records and say so .. meaning there wont be any advantage for domestic industry ani ..

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Posted on Monday, September 17, 2012 - 06:53 am:

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Kadapafan:

Asalu ikkada problem FDI daa leka Organized retail or Super Stores daa??

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Posted on Monday, September 17, 2012 - 06:51 am:

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Kadapafan:

Auditing global accounting firms chestaaru kaabatti nammalemaa

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Kadapafan:

Also his question of why non-congress are not supporting is another crap statement, how many policies in India get uni lateral acceptance.

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Kadapafan:

Mana opposition elaa undante Govt emi chesinaa oppose cheyyali annattu untundi.

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Kadapafan:

100 million and another 100 million annadu, what would happen to them??

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Posted on Monday, September 17, 2012 - 06:42 am:

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Tilak:

http://www.rediff.com/business/column/column-wholesale-of-in dia-by-fdi-in-retail/20120917.htm

Hope to see you critic this article ..

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Posted on Monday, September 17, 2012 - 06:21 am:

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Kadapafan:

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Policy full of loopholes

Before one proceeds further let us, at the outset, examine the fallacy embedded into the policy announced by the government. The policy mandates that at least 30 per cent of the procurement of manufactured products shall be sourced from 'small Indian industries'.

This is where things become interesting. 'Small industries' has been defined as one which has a total investment of less than a million US dollars in plant and machinery. And pray who will monitor them? You guessed it right - auditors (who obviously will be multi-national accounting firms) of the multi-national company would provide necessary certification!

Given the track record of these accounting firms one can safely conclude that this stipulation is as good as a farce.

Another condition proposed by the government is that the minimum amount to be brought in as FDI would be $100 millions of which 50 per cent has to be necessarily invested towards processing, manufacturing, distribution, design improvement, quality control, packaging, logistics, storage, ware-house, agriculture market produce, infrastructure etc.

And pray what is the bench-mark for measuring all these especially subjective issues such as 'design improvements', 'distribution', 'quality controls' and 'packaging'? Crucially, who will benchmark and monitor all these? Well, the policy is completely silent. And given the manner in which the country is governed one can safely assume, even if it were prescribed, that it is not too difficult to 'meet' such stipulations by expending a few thousand rupees!

Another hilarious (sinister?) condition put forth by the government in its policy is that it seeks to retain the first right to procure agricultural products. Who will monitor this clause and how? Crucially, if FDI in retail is all about ensuring better prices to our farmers why this clause? In the alternative, if government intervention is indeed necessary, why then FDI in retail? Indeed a very confusing and contradictory stipulation.

Usual suspects, usual arguments

"But all this will benefit the farmer while improving job opportunities to millions" said one panelist. The second one nodding his head in approval quipped, "This will modernise manufacturing, ensure quality while lowering prices of products to the consumers." Not to be out done the third one added, "Wastages will be eliminated, logistics will improve as we shall have cold storage chains, warehouses and modern distribution techniques."

This is how debates in our media went on before the anchor concluded, "It's a win-win" situation for all as job opportunities will improve while farmers, manufacturers, intermediaries, government and consumers benefit. Everyone everywhere seem to be a beneficiary of this policy!

Importantly, if this is win-win for all as it is claimed by some, why is it that most non-Congress state governments are reluctant to allow FDI in retail? The answer to this question is not far to seek. Most politicians know that FDI in retail is highly disruptive (with probably unknown consequences). It is a game changer that would well leave the extant business eco-systems in their respective states in tatters.

Political parties fear that there could be many who may lose their livelihood. Remember that small retail stores provide employment to an estimated 100 millions (including self-employed) and sustains another 100 million of their family members on a conservative basis. In these times of tepid growth, a small fraction of this when displayed can make and un-make governments. Politicians also know that they - not the knowledgeable ones in TV studios - have to meet the voters shortly.

However the one-sided monologue - of course partially sponsored by UPA Government and partially by the beneficiaries of this policy - in effect captures the superficiality of the arguments made out in the main-stream media favouring FDI in retail. Remember, all these are usual arguments by the usual suspects.

Implicitly, the assumption by these usual suspects is that our farmers get a raw deal, our manufacturing is primordial while our distribution system is archaic. While partially conceding that these usual suspects may have got it right when it comes to diagnosis, their prescription - FDI - and arguments leaves most flumoxed.

Pray how can FDI in retail help set up cold storage chains when we face huge power crisis? Can someone explain how FDI in retail improve job prospect in the aggregate while also promoting efficiency? How can FDI in retail bring in quality while also proposing such companies to procure 30 per cent of its requirement from small Indian industries? How can farmers benefit with higher prices for their produce while consumers simultaneously benefit through lower costs?

In short, none of the arguments - repeat none - by the pro-FDI proponents are backed by facts, studies or reports. And even when they do, the problem is that such arguments are structurally flawed, superficial on assumptions and rests on hopes than on anything concrete.

Even assuming for a moment that all these are baseless allegations and FDI in retail can indeed bring in intended benefits, the fact of the matter is that credibility of the UPA government and more pointedly that of the PM is at its lowest to attempt such grand policy initiatives. That substantially if not wholly explains why not many are ready to believe the UPA Government, its ministers or its cheerleaders.

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