Members Login
Username 
 
Password 
    Remember Me  
Flickr Photo Pool -> Airliners-India -> Non Aviation -> Wal-Mart entering India market in joint venture
Post Info TOPIC: Wal-Mart entering India market in joint venture
VOTV


Member

Status: Offline
Posts: 87
Date:
Wal-Mart entering India market in joint venture
Permalink Closed

Walmart is coming to India.


 


http://news.yahoo.com/s/nm/20061127/bs_nm/bharti_walmart_dc



__________________
Aseem


Member

Status: Offline
Posts: 599
Date:
Permalink Closed

the Hallmark of Walmart is uniform products across the stores..wonder how they are going to manage it across the country.  If they are able to do it, then good for those who are able to take advantage of their vendor development. 


p.s. We can then have Walmart vs Ambani series of thread in Non-Ave.



__________________
Vive Le YYZ
JumboJet


Member

Status: Offline
Posts: 1252
Date:
Permalink Closed

Aseem wrote:


the Hallmark of Walmart is uniform products across the stores..wonder how they are going to manage it across the country.  If they are able to do it, then good for those who are able to take advantage of their vendor development. 


p.s. We can then have Walmart vs Ambani series of thread in Non-Ave.



A recent news channel quoted Mukesh Ambani suggesting that Sunil Mittal was a close friend of his, and they are not at war

__________________
I love the smell of Jet Fuel in the morning.
Aseem


Member

Status: Offline
Posts: 599
Date:
Permalink Closed

that could be an exercise to cool down the temperature and counter all the "hot" speculation that typically goes around...personally "I don't care".

__________________
Vive Le YYZ
HAWK21M


Member

Status: Offline
Posts: 1632
Date:
Permalink Closed

Wonder How it'll work out for Indians.


regds


MEL



__________________
Think of the Brighter Side !!!
Aseem


Member

Status: Offline
Posts: 599
Date:
Permalink Closed

typical update! you'd know why once you read it.


Wal-Mart India plan hits wall; govt to examine deal


NEW DELHI, NOV 28 (PTI)


Global retail giant Wal-Mart's entry into India through a tie-up with corporate major Bharti was today sucked into a political whirlpool, with Left parties dubbing the deal as a "backdoor entry" by the MNC and the government promising to examine it.


A day after the announcement of the deal, which was widely welcomed by the corporate bigwigs including Reliance Industries' Mukesh Ambani, the CPI-M and CPI alleged that Wal-Mart had circumvented the laws of the land to gain entry into this booming market.


Promptly, Commerce Minister Kamal Nath promised to "look (at) whether permissible limits have been adhered to... We will see whether it as per rules and regulations."


As per the agreement between the two corporate giants, Bharti would manage the front-end of the business, while Wal-Mart would take care of the supply chain, logistics and other back-end operations.


The Left parties, which provide crucial support to the Congress-led UPA government, also asked trade unions to launch a nationwide action against the entry of Wal-Mart and other multinational retailers into the domestic market.


"FDI in retail trade in not permissible under the existing policy on foreign investment in India. The Wal-Mart's franchisee agreement with Bharti Enterprises is an attempt to circumvent existing policy regulations to gain a foothold in the Indian market," CPI(M) said in a statement.


Outlook


not surprised at all.  Walmart has always been against unionization of its employees, and it is bound to ruffle feathers of CPI/M.  As much as I support Walmart entry into India, I would also want its employees covered under union.  The reason being that usual hire-fire policy does not go well with Indian psyche, and probably for this very reason it has allowed Bharti to take care of front end of business.


Not against review of the proposal, as long as they do it fast.


rgds


VT-ASJ



__________________
Vive Le YYZ
karatecatman


Member

Status: Offline
Posts: 2289
Date:
Donaldsons mulls investment in 50 Indian malls
Permalink Closed

www.uninews.com


Donaldsons mulls investment in 50 Indian malls
 Mumbai, Nov 30 (UNI)


European firm Donaldsons, which manages over 350 malls across Europe, today said it was considering an entry into the Indian retail market by investing in 50 large malls across the country.
 ‘‘Presently we are studying the Indian market and its working but we are enthusiastic about entering it and are likely to do so within a year if conditions are favourable,’’ D Martyn Chase, chairman of Donaldsons, said on the sidelines of CII National Retail Summit.
 He said they would look to invest in the market over a period of five years across the country and were considering buying 50 per cent stakes in malls where retail outlets were leased out by the developers.
 ‘‘We will be looking to invest in large malls with areas of more than a million square metres that are developed by larger firms like DLF and others,’’ Chase said.
 The firm also plans to bring in high end fashion brands from the UK and US like Brooks Brothers and Abercrombie and Fitch among others into the country.
 Chase said that they considered India to be the most attractive investment option in Asia but expressed apprehensions over the rapid and seemingly unplanned growth in the sector as well as measures like restrictions on FDI.
 ‘‘There are over 600 malls which are going to come up across the country but they need to be spread out beyond urban areas since it would mean larger markets which are more appealing to investors,’’ Chase said.



__________________
KCM
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
Flickr Photo Pool -> Airliners-India -> Non Aviation -> Wal-Mart entering India market in joint venture
Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse 		Powered by ActiveBoard