Categorized | General Interest

India Won’t Go Gently Down the Walmart Road

There’s already resistance to Walmart’s plan to open hundreds of stores in India. Walmart’s deal to partner with the Indian company Bharti is being called into question as an attempt to skirt the law.

As per the agreement between the two corporate giants, Bharti would manage the front-end of the business, while Walmart would take care of the supply chain, logistics and other back-end operations.

The Left parties have even asked trade unions to launch a nationwide action against the entry of Walmart and other multinational retailers into the domestic market.

“FDI in retail trade in not permissible under the existing policy on foreign investment in India. The Walmart’s franchisee agreement with Bharti Enterprises is an attempt to circumvent existing policy regulations to gain a foothold in the Indian market,” CPI(M) said. – IBN

Meanwhile the company is being called out on its fake astroturf blog, “Working Families for Walmart” which is written not by working families but by the staff of the Edelman PR firm. But unfortunately for Edelman, they forgot to register the domain, and Walmart Watch has snatched it up.

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