| Author | Message | ||
     Gatha Junior Artist Username: Gatha Post Number: 325 Registered: 10-2008 Posted From: 193.200.150.152 Rating: N/A |
http://www.forbes.com/2008/10/22/walmart-retail-china-market s-econ-cx_lal_1022markets13.html When Communist China is Ok with Walmart, why Socialist India is so worried about Walmart ??} | ||
| Gatha Junior Artist Username: Gatha Post Number: 324 Registered: 10-2008 Posted From: 193.200.150.152 Rating: N/A |
When an Indian company Opens a Branch in India, we Say "Long Live India" but when USA company opens a branch we say "Save my India"...Heights of Double Standards. Walmart started its branches in China, Long back but no chinese said against USA. This double standards will make communists to become extinct India. Until Walmart sells goods at cheaper rate, customer will not care if it is India or USA or China. | ||
| Der_schuler Comedian Username: Der_schuler Post Number: 1039 Registered: 01-2009 Posted From: 24.14.147.0 Rating: N/A |
the death knell has started to ring true....the ushering of the first devil of american capitalism....God please save my country from this... | ||
| Ustad Junior Artist Username: Ustad Post Number: 739 Registered: 07-2008 Posted From: 76.166.111.11 Rating: N/A |
Bharti Wal-Mart, the joint venture between Bharti Enterprises and US-based Wal-Mart Stores Inc, which on Saturday opened its first cash-and-carry store in Amritsar, said it will invest over $100 million (about Rs 470 crore) in setting up 15 more such outlets in next 3-4 years. Bharti Wal-Mart will offer foodgrain up to 5 per cent lower than the prevailing wholesale rates, a top official of the JV said. The next store is likely by the end of this year. The company has plans to invest over $100 million in 15 new stores in next 3-4 years, Bharti Enterprises Vice-Chairman and MD Rajan Mittal said in Amritsar. "... investment in each store will be about $6-7 million without land and building ... I am only talking about the insight of the store," Mittal said. Spelling out the JV's pricing plans, Bharti Wal-Mart MD and CEO Raj Jain said, "Foodgrain and cereals are two to five per cent cheaper, FMCG products are cheaper by 10 per cent while the apparels and general merchandise are less up to 25 per cent cheap," The firm will open stores initially in Punjab, Haryana, Delhi, Madhya Pradesh and Uttar Pradesh but later it would spread to other parts of the country. "We will eventually go pan-India," Mittal said. The cash-and-carry store under the brand name of 'BestPrice Modern Wholesale' is offering an assortment of around 6,000 items, including food and non-food items. On allowing FDI in multi-band retail, Mittal said, "It is not about only brining money into India." "We will cross the bridge when it happens," Mittal said referring to the joint venture partner's considering a decision after the government approves FDI in multi-brand. Foreign direct investment is not allowed in multi-brand retailing. The joint venture between Bharti Enterprises and Wal-Mart Stores Inc was inked in 2007. The company had last year announced that its cash-and-carry stores would be opened under the brand name of 'BestPrice Modern Wholesale'. |
