Skip to main content

Hooplah over FDI in retail

Off late, everyone is jumping up and down on FDI in retail and the problems it will solve (As if it is the ultimate panacea of all the problems in India). Frankly it is boring to the point of a piss off. It now seems that everyone in the nation is advocating this FDI as if they are the experts on economic affairs or trade affairs. Well, if we have such a dumb economist of a Prime Minister, why can't we brag something about economics?
But the advantages being pointed out, are far too exaggerated and  cheesy. It is like you are going to thrust them down my throat. I now even expect to read yet another article, plea in a newspaper that may write that Indians would stop raping their woman if they get more retail stores. Seriously, why all this fuss for a grocery store man?

I like reforms, I like a free economy, I like agriculture. I love shopping. But all this going on in the media and elsewhere is pure sham. For more than 60 years Indians could do nothing for their farmers, except pumping copious amounts of insecticides and chemicals (anyone remember green revolution?) and now it seems all Indians have come to this drastic conclusion that a foreign fellow will invest 51% in the karyana store and all problems shall be resolved. Dumb. Why then we wanted independence from the Britishers? East India Company was 100% FDI. It introduced the concept of cash crops in India and modernized our irrigation systems. Should it be that Mr. Prime Minister, calls them back because the country thinks that foreigners will be better off in handling our agriculture crisis?

Coming to the point on jobs. It is being bragged around that hundreds of jobs will be created. But then, if these companies are so efficient, will they be employing a massive workforce or a lean mean team of people. If we are so worried about our employment figures, why not check our ever exploding population? A topic so untouched and d-reserved out of public debates. Or is it again, that you need a foreigner to teach you, a country of billion plus people, how to manage your population.

Another segment of society wants more retail options. I support that. But has it ever occurred to anyone that we don't have enough electricity to educate our children or give uninterrupted power supply to our factories, from where will the energy come to power the AC's of the mammoth stores that have to be come up. Are we really ready for the same?

Govt. allows 100% FDI in cold storage business. If no wastage of food products could be controlled by that measure, how would 51% in retail cure the problem?

Point again is, grow up. If you really want to have a reform, show the spine and get the job done. Whimpers don't help in running a country.




Comments

Popular posts from this blog

Hyundai India IPO: Everything you need to know about India’s largest public offering

Update on the Hyundai India IPO – As of 10th October 2024 Today is 10 th October 2024 , and we are now firmly in countdown mode for what is set to be the largest IPO in Indian history , valued at Rs 27,870 crore. Since we first shared the news, there have been a few key updates worth noting. Hyundai India is set to launch the biggest IPO in Indian history, surpassing even LIC’s record-breaking float. With an approximate price band of Rs 1,865 to Rs 1,960, this IPO has caught the attention of every investor. Up for grabs is 17.5% of the company through a sale of over 14.2 crore equity shares.We break down its key financials, Hyundai's market position, EV plans, and whether large IPOs truly succeed in India. What is the story behind Hyundai India? The story of Hyundai in India is nothing short of extraordinary. Launched in 1996, Hyundai Motor India Ltd. (HMIL) quickly became a household name, entering a market previously dominated by Maruti Suzuki. It was the introduction of the icon

AFCONS Infrastructure IPO: The inside story of Shapoorji Pallonji's bold move to go public

Summary  Shapoorji Pallonji Group's AFCONS Infrastructure is preparing for its long-awaited IPO, which is a momentous event in India's infrastructure sector. From the company’s humble beginnings to Shapoorji Pallonji's rare listing move, we explore AFCONS' history, financials, and Shapoorji Pallonji’s unique reluctance to go public. --- Update on Afcons Infrastructure IPO - October 6, 2024 As of today, Afcons Infrastructure Limited is gearing up for its Initial Public Offering (IPO) in late October 2024 . The IPO is expected to raise between ₹7,000 crore and ₹8,000 crore , including a fresh issue of ₹1,250 crore , which will be used for debt repayment, purchasing construction equipment, and meeting working capital needs. A large portion of the offering will come from a secondary sale by the promoter, Goswami Infratech , which will use the proceeds to repay bondholders​. A notable development is Afcons' plan to conduct a ₹4,000 crore pre-IPO placement , likely wit

And Someday If You Leave Me, You Will Regret It Later

This story follows Shamas and Anamica, two individuals navigating love, loyalty, and relationships with humour and warmth. Through their sharp banter and deep conversations, the tale explores the nuances of commitment, emotional vulnerability, and what it truly means to be irreplaceable. A charming blend of wit, heart, and laughter — this is a story for anyone who's ever loved deeply. --- You know how some stories begin with "Once upon a time" and you immediately think, “Well, here comes another fairy tale”? My story, though, has no such illusion. This is real life—complete with the kind of moments that are both funny and achingly true. The kind of story that might make you say, “That’s exactly me.” Or perhaps, “I would never.” But whether you like it or not, the tale of Shamas and Anamica is one you’ll remember. Shamas, my friend, was always the funny one. You know the type: quick-witted, always ready with a joke, but rarely letting anyone past his defences. Then there w