Handing Walmart a Big Whooping Defeat in India

ACORN International International

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, …

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Indian States are Putting More Roadblocks in front of Walmart Expansion

ACORN International International Organizing

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 …

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Stiglitz Opposes India FDI Modifications, Walmart Admits Knowledge of Bribes

ACORN International WalMart

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 …

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Foreign Direct Investment for Walmart and Friends Coming to Critical Vote in India

ACORN International Ideas and Issues WalMart

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 …

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