01-28-2006, 09:38 AM
<!--QuoteBegin-ben_ami+Jan 28 2006, 09:05 AM-->QUOTE(ben_ami @ Jan 28 2006, 09:05 AM)<!--QuoteEBegin-->for one i wish the commies had it their way.
dang... to think foreign companies pay our ministers fat bribe in swiss bank acounts to have our economic policies changed to meet THEIR needs !!!!
[right][snapback]45748[/snapback][/right]
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I for one wish Reliance to succeed. At least they have genuine interests in India's development.
I believe that most foreign retailers will have a hard time in penetrating Indian markets except for few rich suburbs like Gurgaon, Navi Mumbai...
Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??
Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.
I feel that foreign retailers will fare terribly and soon exit from the nearest door.
Remember, India has the best capital productivity in the world not for nothing.
All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.
Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....
They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.
dang... to think foreign companies pay our ministers fat bribe in swiss bank acounts to have our economic policies changed to meet THEIR needs !!!!
[right][snapback]45748[/snapback][/right]
<!--QuoteEnd--><!--QuoteEEnd-->
I for one wish Reliance to succeed. At least they have genuine interests in India's development.
I believe that most foreign retailers will have a hard time in penetrating Indian markets except for few rich suburbs like Gurgaon, Navi Mumbai...
Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??
Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.
I feel that foreign retailers will fare terribly and soon exit from the nearest door.
Remember, India has the best capital productivity in the world not for nothing.
All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.
Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....
They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.