02-10-2006, 05:53 PM
2 things that worry me most are the fate of the mom and pop stores and the ammount of money that will be funneled out of india.
on the good side, walmart may actually be able to reduce prices of products, add to the tax revenues, generate registered jobs, and most importantly if indian manufacturers are good enough and rise to the occasion, we may soon see indian goods competing for shelf space with chinese items in western countries, because walmart wont miss a good "supply chain" chance.
question remains, why does it take a foreign mnc like walmart to come and open a big chain of retail shops in a country that makes and sends its own satellites ??!!
on the good side, walmart may actually be able to reduce prices of products, add to the tax revenues, generate registered jobs, and most importantly if indian manufacturers are good enough and rise to the occasion, we may soon see indian goods competing for shelf space with chinese items in western countries, because walmart wont miss a good "supply chain" chance.
question remains, why does it take a foreign mnc like walmart to come and open a big chain of retail shops in a country that makes and sends its own satellites ??!!