Government announces FDI in multi-brand retail; Cabinet relaxes FDI norms for aviation

[Clarke]

:yay:

[Crookbond]

:aha:

[surajmal]

Took them long enough. Hopefully, instead of opposing the bill out right, BJP will demand concessions that majority sourcing be done through Indian manufacturers. This is a tremendous opportunity to jump start the economy (and the manufacturing sector).

[Crookbond]

Mamata Banerjee sets 72 hour deadline to roll back FDI policy , Diesel Price hike

[bajrang]

B->

[Sachin=GOD]

Mamata Banerjee sets 72 hour deadline to roll back FDI policy , Diesel Price hike

methinks this time the Kangress will show who's boss and tell her to STFU.

[Crookbond]

methinks this time the Kangress will show who's boss and tell her to STFU.

:agree:

[seedhi]

This is a tremendous opportunity to jump start the economy (and the manufacturing sector) of China .

there ..

[deathmonger]

good. sad thing in this country is opposition opposes just for the sake of it. this will help immensely in development of the country. hope the nuclear plant thing is resolved soon too.

[surajmal]

Funny thing would be if this decision receives a meek response from Walmart, Tesco etc. (considering the terrible state of the infrastructure no one would be surprised) For Congress to come back again in 2014, there has to be a tangible jump in economy next year. I think if Congress is able to get this through, they may eventually push for a comprehensive manufacturing policy as well. They will have to, otherwise trade deficit will only increase and rupee will tank again (but that would occur couple of years down the line - ofcourse knowing congis they probably don't give a rat's ass. Reelection is their primary objective).

[surajmal]

there ..

That is why I said BJP should ask for domestic sourcing. Better yet, they can offer support for the bill in exchange for a manufacturing policy. FDI is need of the hour, if for nothing else, then demolishing the PDS mafias.

[punjabi_khota]

Why would Walmart come to India if we include the domestic sourcing clause.

[surajmal]

Why would Walmart come to India if we include the domestic sourcing clause.

Not advocating 100 percent. But some number that doesn't have a negative effect on India long term - particularly on the trade deficit (I don't know what that number is). Even the current bill has 30 % domestic. (Maybe that is enough. But know MMS' love for everything Gora, it is most likely way under what it should be). BTW look at Chinese FDI policies. Yet the West is falling head over heels to invest there.

[Sachin=GOD]

Why would Walmart come to India if we include the domestic sourcing clause.

Not advocating 100 percent. But some number that doesn't have a negative effect on India long term - particularly on the trade deficit (I don't know what that number is). Even the current bill has 30 % domestic. (Maybe that is enough. But know MMS' love for everything Gora, it is most likely way under what it should be). BTW look at Chinese FDI policies. Yet the West is falling head over heels to invest there.

I think the current bill has 20% and with this rule I don't think the likes of Walmart,Tesco etc would find it viable enough to come to India. The Govt will ultimately have to reduce this.

[rkt.india]

Took them long enough. Hopefully' date=' instead of opposing the bill out right, BJP will demand concessions that majority sourcing be done through Indian manufacturers. This is a tremendous opportunity to jump start the economy (and the manufacturing sector).[/quote'] I doubt about this. They will make it a trade market rather than manufacturing.

[rkt.india]

I think the current bill has 20% and with this rule I don't think the likes of Walmart' date='Tesco etc would find it viable enough to come to India. The Govt will ultimately have to reduce this.[/quote'] 30%, not 20.

[rkt.india]

That is why I said BJP should ask for domestic sourcing. Better yet' date=' they can offer support for the bill in exchange for a manufacturing policy. FDI is need of the hour, if for nothing else, then demolishing the PDS mafias.[/quote'] It is FDI in retail and priority should be focus on manufacturing.

[varun]

I think the current bill has 20% and with this rule I don't think the likes of Walmart' date='Tesco etc would find it viable enough to come to India. The Govt will ultimately have to reduce this.[/quote'] The current bill has: - Min $100 million investment - 50% of that investment goes into rural areas for back-end cold storage and supply chain investment - Front-end stores only allowed in states that allow FDI - 30% to be sourced from Local SMSE (small & medium scale enterprises) - Doubtful: Front-end stores only allowed in towns and cities with min 1million popluation

[Sachin=GOD]

The current bill has: - Min $100 million investment - 50% of that investment goes into rural areas for back-end cold storage and supply chain investment - Front-end stores only allowed in states that allow FDI - 30% to be sourced from Local SMSE (small & medium scale enterprises) - Doubtful: Front-end stores only allowed in towns and cities with min 1million popluation

Yeah, you're right. Also, I'm sure that the last point is there in the bill. Front end stores are only allowed in states that allow FDI - IIRC a few months ago all the BJP ruled states and many others (like Bengal, UP) had refused to allow it.

[Sachin=GOD]

From Hindustan Times - "While the government had previously permitted 49% in aviation sector, the Cabinet today allowed foreign carriers to investment in domestic airlines. The move would help cash-strapped carriers like Kingfisher and SpiceJet to bring in strategic partners." So now Mallaya can just sell a part of his stake to one of the many, many foreign airlines eager to enter the Indian market and then he will go scot free for what he did to Kingfisher :headshake: