Yangon Walmart with tail tucked firmly between their legs announced that they are unraveling their partnership with India’s giant Bharti conglomerate, acknowledging finally that this marriage of convenience while trying to enter the burgeoning India retail market and sneak around foreign direct investment requirements was finally coming to an end. The India FDI Watch Campaign, …
Tag: multi-brand retail
Indian States are Putting More Roadblocks in front of Walmart Expansion
New Orleans Two reports yesterday from Dharmendra Kumar, director of the India FDI Watch Campaign affiliated with ACORN International, point out how far the superstore giants like Walmart, Carrefour, Tesco, and Metro really are from being able to freely enter markets throughout India. This is largely a story that the global business press is missing …
Stiglitz Opposes India FDI Modifications, Walmart Admits Knowledge of Bribes
New Orleans Talking to ACORN India’s Mumbai Director Vinod Shetty via Skype on Tuesday, he could hardly wait to tell me about the news headlines all over the country as Nobel prize winning, former World Bank economist Joseph Stiglitz added his voice to our longstanding opposition to Prime Minister Singh’s unilateral actions to modify foreign …
Foreign Direct Investment for Walmart and Friends Coming to Critical Vote in India
Quito Though I could find no information in the US-based press, the stalemate in the Parliament in India was finally broken yesterday after a week long stalemate centered on the parliamentarians’ opposition to the Government’s action to unilaterally modify foreign direct investment restrictions in multi-brand retail, allowing Walmart and other big box operations to enter …
Walmart Plot Thickens in India
Delhi At the top of my agenda in Delhi as I met with ACORN India Delhi director and India FDI Watch director Dharmendra Kumar was understanding better the misjudgment of Prime Minister Singh and his Congress Party led government when they tried to mandate a change in foreign direct investment in November 2011 in multi-brand …