-The Hindustan Times As both Houses of Parliament cleared the way foreign direct investment (FDI) in multi-brand retail, the mood of commercial real estate developers, who were facing a tough time building and renting out malls, is expected to look up. A revival of investment plans is on the cards. The supply of rental spaces across India recorded a drop of 65% in 2012 from the previous year, according to a report...
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FDI to bring new technology in agriculture, says Prime Minister -Amit Chaturvedi
-NDTV A day after the UPA government won Parliament's approval on its proposal to allow foreign direct investment or FDI in multi-brand retail, Prime Minister Manmohan Singh has said FDI will create a revenue model for farmers. "FDI has been passed by Parliament and it was strongly supported by organisation in Punjab. Agriculture and food retail business will be benefited by it, farmers and consumers will be benefited by FDI," the Prime...
More »Horrific Bangladesh factory fire revealed a gap in safety for global brands-Jim Yardley
-The New York Times ASHULIA, BANGLADESH: The fire alarm shattered the monotony of the Tazreen Fashions factory. Hundreds of seamstresses looked up from their machines, startled. On the third floor, Shima Akhter Pakhi had been stitching hoods onto fleece jackets. Now she ran to a staircase. But two managers were blocking the way. Ignore the alarm, they ordered. It was just a test. Back to work. A few women laughed nervously. Ms....
More »How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
More »FDI in retail: To empower dalits, do away with India’s antiquated retail trading system-Chandra Bhan Prasad and Milind Kamble
-The Economic Times A couple of months ago, the UPA government cleared Foreign Direct Investment (FDI) in retail. It is a politically risky step. But for once, Prime Minister Manmohan Singh showed both spine and spunk biting the bullet. Since then, both Left parties and the BJP have expressed serious reservations over the decision. The general view is that it will affect the lakhs of small, indigenous kirana stores spread across...
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