10-05-2004, 12:17 AM
<b>Wal-Martâs India buys likely at $2 bn </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Industry analysts said that though large buyers are looking at India as a second base after China due to various political and macro-economic risks (like highly under-valued Chinese currency), yet the governmentâs bias towards small-scale industries hardly makes the country attractive to big buyers like Wal-Mart.
âWe will have to wait and see if India really emerges as a major sourcing point for large buyers like Wal-Mart whose requirement is so huge that it can hardly be met by Indiaâs suppliers, most of whom are organised along small scale operations,â said a market observer, and added, âPost-quota, there will be enormous downward pressure on the pricing as suppliers from all over the world will compete to attract big buyers.â
Meanwhile, Wal-Mart has intensified the recruitment of merchandisers and quality assurance auditors with experience in categories like pharmaceuticals, foods, apparel, home furnishings, textiles, hard goods metals, jewellery, leather shoes and jackets.
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Industry analysts said that though large buyers are looking at India as a second base after China due to various political and macro-economic risks (like highly under-valued Chinese currency), yet the governmentâs bias towards small-scale industries hardly makes the country attractive to big buyers like Wal-Mart.
âWe will have to wait and see if India really emerges as a major sourcing point for large buyers like Wal-Mart whose requirement is so huge that it can hardly be met by Indiaâs suppliers, most of whom are organised along small scale operations,â said a market observer, and added, âPost-quota, there will be enormous downward pressure on the pricing as suppliers from all over the world will compete to attract big buyers.â
Meanwhile, Wal-Mart has intensified the recruitment of merchandisers and quality assurance auditors with experience in categories like pharmaceuticals, foods, apparel, home furnishings, textiles, hard goods metals, jewellery, leather shoes and jackets.
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