India is the second most populous nation on the planet and the most populous Democratic nation. As such the country has the potential to be a Capitalist’s El Dorado. The challenge for the world’s largest retailer is that India had a very bad experience the last time a foreign corporation showed up and Indians have […]
Archive for the 'India' Category
Before there was a Walmart there was another super giant corporation that strode the Earth crushing kingdoms, peoples and economies for the financial benefit of shareholders and the queen who granted the company’s directors a royal charter—The Honorable East India Company—and the principle victims of that rapacious entity were the peoples of South Asia. Those […]
Walmart is not the first multi-national corporation to envision world domination. Nearly a quarter millennium before Walmart landed on the shores of India to exploit the more than a billion customers, there was The Honorable. One of the very first Indian words to enter the English language was the Hindustani slang for plunder: “loot”. According […]
Nearly four years have passed since I last wrote about Walmart’s attempts to crack the retail market in India. The campaign continues, but resistance on the Asian subcontinent continues and Walmart has focused on the wholesale market while it chips away at regulatory resistance. Wal-Mart Stores Inc. will focus on growing its wholesale business in […]
Buy Macrobid Without Prescription, Rising food prices for basic staples such as rice and wheat have politicians in India scared because hungry people are angry people and in what may be the least creative solution I've ever heard of, the government may let Walmart in to save them all.
From The Washington Post:
Facing anger over sharply rising food prices, Macrobid coupon, Macrobid recreational, India's government is preparing to gradually open its massive and fast-growing retail market to foreign supermarket chains such as Wal-Mart, in the hope that their investment and expertise can deliver lower food prices to consumers and a better deal to farmers, Macrobid long term. Macrobid maximum dosage, The intention might be flagged Monday when the government presents its budget to Parliament, to fulfill an assurance Indian Prime Minister Manmohan Singh made when President Obama visited this country in November, Macrobid dangers. Japan, craiglist, ebay, overseas, paypal, "We are at a juncture where [foreign direct investment] in multi-product retail is worth considering," the government said in Friday's pre-budget Economic Survey, is Macrobid addictive. Macrobid duration, "It could enable farmers to get higher prices and consumers to have to pay less."
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Laws in India governing the entrance of foreign retailers forced Walmart to enter through the back door and even recently to look at other nations for investment. Politicians, however, are beginning to bend the rules to the benefit of Walmart. From Trak.in: [Walmart’s] problems were even more compounded when they were barred from selling to […]
As Jonathan notes below, Walmart is in discussions to purchase Massmart, the third largest retailer (by value) in South Africa. If completed, the deal would be Walmart’s largest purchase since in bought British supermarket chain ASDA more than 10 years ago. From Reuters: Wal-Mart has made a non-binding proposal of 148 rand per Massmart share, […]
Because India’s laws block Walmart from opening retail stores, the retail behemoth entered into a 50/50 partnership with Bharti to launch a chain of wholesale cash-and-carry locations to sell to retailers. Number three has opened in the state of Punjab. From Daily News & Analysis: The JV is expected to open 10 to 15 wholesale […]
Mark Perry is all over a post by Vikas Bajaja on the New York Times Economic Blog titled Garment Factories, Changing Women’s Roles in Poor Countries. Not surprisingly, Vikas doesn’t mention Walmart. He writes: What struck me, however, was how their journeys had changed them and their views about life. Take Maasuda Akthar, who moved […]
India is the second largest retail market and the largest unplanned economy in the world. India’s shoppers represent nearly four times the potential of the United States in terms of shoppers. Walmart yearns to be one with everything. From Agriculture and Industry Survey: At its annual shareholders meet in Bentonville, the spotlight was on Wal-Mart’s […]
There’s nothing illegal or even mildly offensive about Walmart spending $11 million of its stockholders’ money in a coordinated attack on the sovereignty of India in order to crack open the 1.2 billion shopper market for cheap plastic crap. Begging, borrowing (no stealing yet) government help kind of runs counter to the whole small government […]
Walmart, like any corporation, goes where the customers are and acts solely in the interests of its shareholders. That’s why a story in the New York Times about Walmart transforming agriculture in that giant nation set my hairs on end. At first glance, the vegetable patches in this north Indian village look no different from […]
Walmart continues to push its back-door strategy for expansion in India, building a wholesale infrastructure that will it allow it to crush home-grown competitors should it convince the government of India to wave the rules regarding foreign investment. From Agence France-Presse: Giant retailer Wal-Mart says it will launch more “big box” wholesale outlets in India […]
America may have allowed Walmart to lead it so far into the black hole that is imports that there is no may be no escape because American dollars have created two economic giants in Asia: China and India. It doesn’t matter where the cheap plastic comes from. The net effect is the same, minority economic […]
We’ve written stories before about the huge numbers of job applications a Walmart gets when it opens, but this week Walmart surpassed itself by taking 25,000 applications for 325 jobs in the store opening in Evergreen Illinois. If I over simplify the numbers, that’s an average of 77 applicants for each job. Imagine what you […]