Allow 100% FDI in retail; Welcome Wal-Mart, Tesco, Carrefour and every one else

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The Economic Times, for its popular column “Perspective,” had recently invited well known experts from the field of modern retail to debate on likely impact of  Wal-Mart’s entry into India. We reproduce below excerpts from their opinions, which were published by the Newspaper in its edition dated the 5th December, 2006 :

“… allow free entry– to one and all– and let every one pour in their monies. The result would be more investments, more jobs and happier consumers. Why should we refuse this?

“Wal-Mart is a great company– so are many of the Indian companies.”

“… I would say allow 100% FDI in retail. Welcome Wal_mart, Tesco, Carrefour and every one else and we are all waiting to give them the blues.”

— R. Subramanian, Managing Director, Subhiksha (Perspective, The Economic Times, 5th December, 2006 on “Wal-Mart effect!”)

“It is a myth that organised retail will displace mom-and-pop stores. Emopirical evidence from studies conducted in transitional economies demonstrate that they can happily co-exist.”

— N.V. Sivakumar, Retail & Consumer Industry Leader, PwC (Perspective, The Economic Times, 5th December, 2006 on “Wal-Mart effect!”)

“As long as sustainable businesses emerge, the customer would be a clear winner, getting the best on both price and quality.”

— Ranjan Biswas, Partrner & National Retail Leader, Ernst & Young (Perspective, The Economic Times, 5th December, 2006 on “Wal-Mart effect!”)

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