‘Concorde’ Still Waiting
Posted : May 19, 2005 at 9:10 pm [IST]
There can’t be a better time for India. Stage is set perfect to play the one-time-in-history role. The whole world is looking at PM and GOI to act fast.
Please allow Wal-Mart and its competition, speed up Posco, and allure Intel.
Politics can wait. But this opportunity will not. Perception of China in West as threat will help.
Language along the potential India as the second largest market who knows may be the largest one day are bringing the companies of West to your doorsteps.
Greet them, Respect them, and Use them to build a strong India and poverty-ridden India.
Wal-Mart and Target could help many of our manufacturers introduce their products in the larger global market. It will be sure way to increase the share of manufacturing sector in GDP along with huge employment. India can manufacture everything but it requires some one to hold it by hand. The retailers will provide that help.
How poor India’s textile sectors have performed in post quota environment? The sector must run. Facilitate them, but don’t pamper them. Most in the sector are having traders’ background and want to make a fast buck. Labor and tax tariff are excuses. Let them manage labor well with proper grievance handling and minimum benefits, improve productivity, cut costs, and provide delight to the customers in all ways- quality, design, and timeliness.
Don’t let the nation miss the ‘Concorde’. Concorde might have become the part of history. But the ‘Concorde of Economic Growth through Endeavors’ is still waiting for India. However, it will not wait for long.
Read about some information of interest
This is what happens in or democracy You can read this too from ‘Outlook’
Sethusamudram project finally gets green signal
- Indra
Category: Government Policy/Administration |
3 Comments »
Uncle ji,
While Walmart is know for its aggressive prices. It is also known for eating up every other retailers nearby. Think of a schenario. Typically in India we have a “lala ki dukaan” in a locality or in the main bazaar we will have 5-10 of such dukaans. Right now the owners of these shops are the real owners. If the wal-marts come I am pretty sure Walmart would take away a lot customers from these guys eventually forcing these guys to close. The only thing these guys can do at that time is join Walmarts as clerks/store managers/cart pushers etc.
While I love the idea of organized grocery stores. I get scared when I think of what will happen to the lala next door. I have mused about this issue a lot and the working model I see is of smaller stores like Safeway and Albertsons in each locality. These stores can be made by combining 4-5 grocery shops and making all the owners partners for this.
Pankaj
Posted by: Pankaj Narula at May 20, 2005 @ 2:10 am
hi Pankaj,
You are reiterating the age old argument of protectionism in the shield of protecting domestic industry. Agreed, the scenario you talked about is realistic and is very well going to happen.
However, look at the other side, the market would become more efficient, the prices would be more reasonable for everyone to afford. Further, the theory of Darwin would apply, competition shall make the local stores to compete by providing specialized services or at times coming out with new ways to compete.
Further, it has been proven the net effect of the free trade is going to be positive for the country. Every action has trade-offs, if we plan to rise as a nation, we should not be afraid of competition.
Finally, a suggestion could be helping these mom ‘n’ pop traders with new training or some other sort of compensation.
thats’ my opinion.
thanks!
Tarun
Posted by: Tarun at May 20, 2005 @ 3:36 am
Dear Pankaj and Tarun,
Thanks for your comments. I have something to add further.
Why Big Retailers?
I proposed the idea of allowing the entry of MNC retailers in India and that too fast for a single reason. It will without fail increase the growth rate of the country and bring prosperity even to the small
Posted by: Indra at May 21, 2005 @ 9:41 am
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