Walmart set to open hundreds of stores in India.

[La Lioness Priyanka]

oh the joys.

http://www.nytimes.com/2006/11/27/business/worldbusiness/27cnd-walmart.html?hp&ex=1164690000&en=5a3a3401ceea5e52&ei=5094&partner=homepage

"NEW DELHI, Nov. 27 — Wal-Mart moved closer to cracking open one of the last and potentially most lucrative frontiers for giant Western retailers today when it announced a joint venture to open stores in India.

Together with Bharti Enterprises, a leading Indian cellphone operator, the world’s biggest retailer will open “hundreds” of Wal-Mart superstores across India in the next five years, said Bharti’s chairman, Sunil Mittal.

The deal would be the first large-scale entry into the booming Indian market by a major foreign retailer. Companies like Wal-Mart and Carrefour, the French retailer, have long been stymied by government rules that critics call protectionist.

“It is the last and a very big frontier,” Mr. Mittal said in an interview at a World Economic Forum conference in New Delhi. “Brazil is done. China is done. This is the last Shangri-la of retail. Where will Tesco or Wal-Mart get their growth? Here.”

[marmar]

1. Hopefully this will work out as well as their German ventures....

:nopity:

[treestar]

2. Now they're outsourcing the Walmarts?

Nah, I guess that would be too good to be true. The ones here will still be here.

[TechBear_Seattle]

3. That makes sense, actually

Seeing as so many of their goods are made in that region. :eyes:

[jwirr]

4. This is a terrible idea. When one of the charitable organizations

took used clothing over to one of the emerging nations they ended up destroying the small but thriving local garment industry. This will do the same.

[La Lioness Priyanka]

5. YES IT WILL.

india still has small stores and now they will all be wiped out.

just fucking lovely.

[jwirr]

6. And once again we will play the Ugly America and then ask why

they hate us so much.

[La Lioness Priyanka]

7. that too...

and the rich in that country will get richer..while the poor get poorer.

its just fucking lovely.

[uacpeace]

8. this is an outrage

yet another multi-national corporation out to squash the "little people" who are working hard and have their own shops. how is this going to help anybody or be good business? wtf...a wal mart in india? wal mart needs to not exist. period.

[Blue-Jay]

9. At least they won't need to import things quite so far, eh?