Subroto 3207 days ago

In India, where about 90% farmers are poor and a large majority of them have land holdings below 1 acre, how can somebody in right frame of mind even think of exposing them to `super-large' financial giants like `Walmart' etc.



They the `Walmart' etc are, for sure, not coming here for `Charity' . Profit is the only criteria.



Over 90% of our farmers are no match to them and are in no position to bargain with them. This can lead to only one way ...... disaster for our farmers. .... More `Suicides'.



Even our SMEs are no match to them.



Sooner than later, they will certainly apply their standard barrier tools such as quality, specifications, disease, storage, packing etc etc to squeeze and show reasons for imported products.



Our very small and poor farmers are in no position to comply to their requirements and have no means to comply.



Remember `Coke' & `Pepsi'. They initially sold a bottle at Rs. 5/- only to kill the competition and bought them, and then, ............... we all know what happened then.



Even the `Govt of India' are no match to the `Financial Might' and `Commercial Tricks' of these `Walmart' etc, who can out-smart and buy-out even Govts, what to speak about `pressure' from their countries... USA etc .



Obviously, Mr Manmohan Singh is seeking to `bail out' USA and EU etc by allowing `Walmart' etc to loot and `Colonize' India Economically.



FDI in Retail would almost complete the `Economic Colonization' of India.



Vande Maataram.