we know the history of EASTINDIACOMPANY then why wall mart in india our MAM &PAPA SHOPS are bettar then WALL MART .
2007-02-22 14:57:51 · 5 answers · asked by ADWANTED 2 in Local Businesses ➔ India ➔ Other - India
Why be scared of East India Company's experience? Grow up.
Your concern about Mama & Papa shops is valid in our existing set-up and needs. Yet an optimum blend and graduation to new feasible options is good for consumer as a whole. Wal Mart and Indian counterpart Bharti are contemplating exchange of business, business ideas, business practices and so on. The needs of Wal Mart for themselves are far more than their necessity in India. This business avenue can prove good on many counts with some major pitfalls as well. Taking due precautions, one can make deals. Take a look back, 12-15 years ago (since the opening of our economy) and now, on an average a consumer has gained in terms of variety, quality, price and overall quality in life. So many new things have entered in our lives so easily to serve our necessities and comforts - much faster due these business alliances and global deals. Remember, our own IT, steel, pharma and services have penetrated many overseas markets for good and we have excelled. People like you can always stay alert and spread the due caution, yet keep our widows open for fresh air (ideas) and feasibility. Have faith in yourself (India) for optimum blending, learn from past mistakes and grow always.
2007-02-23 03:14:05 · answer #1 · answered by helpaneed 7 · 3⤊ 1⤋
Walmart is an excellent supercenter in US providing the reliable quality and cheapest goods. Walmart is definitely a great boon to India.
We are also obliged to East India company and only due to British, we got the 'English' language that we are currently using.
The modern system of Education is due to Macaulay, who is revered as "Father of Modern Education".
Lord Dalhousie brought in Indian Railways, the best transportatation system in India.
Chennai City Corporation was brought in by Lord Ripon and hence Corporation Building is called Ripon Building.
Despite the fact these things were brought with imperialistic and subordinating attitude of the British Raj, nevertheless the positive outlook of the same can not be overlooked.
2007-02-22 15:12:22 · answer #2 · answered by deepakvasudevan 2 · 0⤊ 0⤋
Wall mart isn't any East india corporation.As a customer, I welcome any widely used corporation that could shop another competitor on his/her ft.circumstances have replaced a lot through fact the time East India corporation got here to India.
2016-10-16 07:18:29 · answer #3 · answered by ? 4 · 0⤊ 0⤋
There are already a lotl of foreign marts / shops in India. Indian are selling a lot of chinese goods. Selling foreign goods or sale of goods by foreigner is no much difference. You can buy indian from Indians. You should avoid internet.
2007-02-24 00:20:30 · answer #4 · answered by Anonymous · 0⤊ 0⤋
open up my dear friend... look at the insurance sector took its most booming sector after I.T. If you see statistics of the retail sector, only 3% of the entire sector is organised.
so why not generate competition???
reliance head Mukesh Ambani himself admits that there is space for 8-10 players in the market. then why not wall mart???
2007-02-25 07:05:07 · answer #5 · answered by gsgrulez 1 · 0⤊ 0⤋