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In India, the ruling Dr.Manmohan Singh’s Government is planning to allow “Foreign Direct Investments” /FDI- in the Indian Retail Sector.The Opposition Parties in India are not in favour of the Government’s move and the following is a List of Indian and Foreign Retailers looking for possible tie-ups, based on the Government of India’s Final Decision to be reached with the Consensus of the Opposition Parties:
- Big Bazaar and Pantaloons – in talks for tie-up with foreign retailers, including Carrefour.
- K. Raheja Group-promoted department store- chain – Shoppers Stop – open to a strategic partnership with global retailers,particularly in the food and grocery segment.
- Bharti Retail- is already in partnership with- Wal-Mart –running several “Cash and Carry Stores” in India – will move to multi-brand retail if government allows FDI in it.
- Trent-the retail arm of the Tata Group- in partnership with Tesco-planning to take forward their partnership to multi-brand retail stores.
If and as the above Retailers enter the Indian Retail Market and deal with almost all the domestic goods for the daily use of Indians, we have to see whether:
- The Indian Farmers would get adequate price for their produce
- The Indian Consumers would get their day-to-day requirements in good quality at reasonable prices
- The Indian Local Retailers and their Employees at Metros will get alternate Business and Employment elsewhere or at the forthcoming ‘FDI’ Retailers.