AT The Center Of FDI Riddle...
Let Me Think, I am bit puzzled... There is nothing sexier than SENSEX, when over pouring FDI, overwhelms the indices. Political correctness, coerces the leaders to selectively welcome the overseas money while rejecting the same for multi-brand retails, as that would persuade erosion of crucial retailer vote bank. In fact, we already have multinationals making huge inroads into multi-brand retail segment. The Reliance Industries, and the Future Group's operation is not restricted to Indian subcontinent only, and they are big enough to wipe out the entire retailer community here. So whats the fuss all about, its more political than real. The local retailers concern reminds me of early 2K when Bajaj group Chairman, Rahul Bajaj connived with, the then Bajpai Government to stall the possible entry of Chinese automobiles into Indian market. At the hindsight, that was one of the perfect decision ever made by any government. The Chinese products are not only poor in quality but also ...