I do remember long back the hash step by George Fernandes,who ditched out the Coca Cola and Pepsi in Janta Party regime.The very intention was to safe our local cold drink manufacturers interest as well as to safeguard our water resources.Later governments again invited them in India for FDI and open market of not only cold drinks but our agro products like potato.Initially the products were cheap with good quality.But later not only prices hiked but they captured local manufacturers like Thump Up etc and became the sole manufacturer of cold drinks as well as eatables which are packed in little quantity with high price.Now competition from local market is least,except Haldi Ram.
In the field fertiliser,pesticides,seeds,these foreign companies captured local companies and many localised companies in fertiliser could not survive due to cut throat competition.
Now again UPA government with their intention better known to all indians,are alowing 51%stake in FDI in general merchant products.Defintely in the begining quality and price will be reasonable,but this will adversally affect the interest of petty shop owners,Som Mangal,Budh Bazars,Patri dukandar,who will loose their earnings.They will not be fitted in the marketing set up of foreign companies.
It is argued by government that this will generate 1 crore employment opportunities,but they will destroy our indian resources.Farmers will get the good price as to direct selling to them,but what's guarantee,that later they will dictate terms regarding purchase price,quantity to be purchased.Cold storage will be built and no doubt thousands of tons of potato will not be wasted in rainy seasons outside cold storage and station godowns.But why the government could not manage FCI to look after to stop such loss.
Regarding other industrial,electronic products,India is already facing challange from China,who is selling very cheap under rated quality products in all almsot field.This has already disturbed our manufacturer's interest but now China has become supreme products exporter to India at cheap rates.Other FDI's will also affect the indianised market,which China had alrady done.So where our own industries will go to ruin.
The time is to control our local manufacturers,middlemen and retailers to manufacture,trade and sell products. Government should control the price of medicines which are leap and bound rising almost every two months.
The competition of FDI should be restricted to less than 49% and life saving drugs should be made by foreign companies to sell.Now India is a big market of substandard dangerous and duplicate medicine,which are harmful.These medicines are banned in USA,UK and other coutnries but here we are bound to take them to fail our multi organs kidney lungs heart and so on.
So now zeast is that FDI is not bad but interest of indian public should be kept in mind and ownership should be in Indian hand at 51% stake.Profit generated should be in India and should be flown in indian market for manufacturing,storage,channelising,sale under one roof and control of prices in government hands.
In the field fertiliser,pesticides,seeds,these foreign companies captured local companies and many localised companies in fertiliser could not survive due to cut throat competition.
Now again UPA government with their intention better known to all indians,are alowing 51%stake in FDI in general merchant products.Defintely in the begining quality and price will be reasonable,but this will adversally affect the interest of petty shop owners,Som Mangal,Budh Bazars,Patri dukandar,who will loose their earnings.They will not be fitted in the marketing set up of foreign companies.
It is argued by government that this will generate 1 crore employment opportunities,but they will destroy our indian resources.Farmers will get the good price as to direct selling to them,but what's guarantee,that later they will dictate terms regarding purchase price,quantity to be purchased.Cold storage will be built and no doubt thousands of tons of potato will not be wasted in rainy seasons outside cold storage and station godowns.But why the government could not manage FCI to look after to stop such loss.
Regarding other industrial,electronic products,India is already facing challange from China,who is selling very cheap under rated quality products in all almsot field.This has already disturbed our manufacturer's interest but now China has become supreme products exporter to India at cheap rates.Other FDI's will also affect the indianised market,which China had alrady done.So where our own industries will go to ruin.
The time is to control our local manufacturers,middlemen and retailers to manufacture,trade and sell products. Government should control the price of medicines which are leap and bound rising almost every two months.
The competition of FDI should be restricted to less than 49% and life saving drugs should be made by foreign companies to sell.Now India is a big market of substandard dangerous and duplicate medicine,which are harmful.These medicines are banned in USA,UK and other coutnries but here we are bound to take them to fail our multi organs kidney lungs heart and so on.
So now zeast is that FDI is not bad but interest of indian public should be kept in mind and ownership should be in Indian hand at 51% stake.Profit generated should be in India and should be flown in indian market for manufacturing,storage,channelising,sale under one roof and control of prices in government hands.
very comprehensive & balanced view taken on the entire issue of FDI in retail sector. Good article.
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