Fdi in Retail
http://realityviews.blogspot.in/2011/12/detailed-analysis-fdi-good-or-bad-for.html
Detailed Analysis FDI Good or Bad for India Who will benefit in India if FDI is allowed in Multi Brand this is Kirana Business Few days back the Union Cabinet of India overcame years of indecision to allow up to 51% FDI in multi-brand retail.
Government also increased the FDI limit in single-brand retail to 100% from 51%
Government says it will benefit India.
Traders fear the move.
Opposition parties oppose the move as they know they will benefit if they support the traders.
No one is touching the real issues and accepting the truth that today or tomorrow FDI, big global corporations will enter into India directly or indirectly.
Today world is becoming a global village.
Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provision of the Foreign Exchange Management Act (FEMA) 1999.
The foreign investors are free to invest in India, except few sectors/activities, where prior approval from the RBI or Foreign Investment Promotion Board (‘FIPB’) is required.
In franchising and commission agents’ services, FDI (unless otherwise prohibited) is allowed with the approval of the Reserve Bank of India under the Foreign Exchange Management Act.
Examples of Such Business - Pizza Hut or Nike or Spencer
100% FDI is allowed in wholesale trading.
Wholesalers do the business with the Retailers.
Wholesalers never do business with Consumers.
Few days back central government of India, Congress Government announced the cabinet decision to allow 51 percent FDI in retail that is multi brand.
Is it good for the India to reject the FDI policy and direct investment in retail sector by the foreign brands?
Does India and Indian citizens are ready for big brands when 70% Indians do not earn daily more than Rs. 20 a day.
If you will see the history of foreign direct investment in India you will realize that India does not need
Detailed Analysis FDI Good or Bad for India Who will benefit in India if FDI is allowed in Multi Brand this is Kirana Business Few days back the Union Cabinet of India overcame years of indecision to allow up to 51% FDI in multi-brand retail.
Government also increased the FDI limit in single-brand retail to 100% from 51%
Government says it will benefit India.
Traders fear the move.
Opposition parties oppose the move as they know they will benefit if they support the traders.
No one is touching the real issues and accepting the truth that today or tomorrow FDI, big global corporations will enter into India directly or indirectly.
Today world is becoming a global village.
Foreign Investment in India is governed by the FDI policy announced by the Government of India and the provision of the Foreign Exchange Management Act (FEMA) 1999.
The foreign investors are free to invest in India, except few sectors/activities, where prior approval from the RBI or Foreign Investment Promotion Board (‘FIPB’) is required.
In franchising and commission agents’ services, FDI (unless otherwise prohibited) is allowed with the approval of the Reserve Bank of India under the Foreign Exchange Management Act.
Examples of Such Business - Pizza Hut or Nike or Spencer
100% FDI is allowed in wholesale trading.
Wholesalers do the business with the Retailers.
Wholesalers never do business with Consumers.
Few days back central government of India, Congress Government announced the cabinet decision to allow 51 percent FDI in retail that is multi brand.
Is it good for the India to reject the FDI policy and direct investment in retail sector by the foreign brands?
Does India and Indian citizens are ready for big brands when 70% Indians do not earn daily more than Rs. 20 a day.
If you will see the history of foreign direct investment in India you will realize that India does not need