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By soni2006
No Wal-Mart should not be banned in ndia. n fact it should be encouraged in other countries too.
am sure it is going to be an asset to our country. Walmart should not be banned also because Wal-
Mart bills everything they sell and the billed money goes to taxation.
Tough competition for retailers Also, Walmart is coming here for the consumers like us. Lets make
use of it. Walmart squeezes the best deal from manufacturers and passes the benefit to consumers,
so think it is an asset. Competition in the market is always good for consumers. There was no
competition in post liberal era and we all can see the fruits of opening up of our markets, in form of
the growth.
Tell me a local store where the owner will bill you a genuine bill so that you can make sure that a
part of your money went to the government for development?
Entry of Wal-Mart into ndian market may actually prove a boon to local producers also if Walmart
decides to procure inventory locally. At least the Government of ndia must stipulate Wal-Mart to
procure at least a certain percentage of their inventory from the local markets.
Walmart will bring with it best practices to reduce the costs of operating a retail store. t is valuable
information for the ndian retailers to learn. To compete with Walmart, local retailers will have to
innovate. This will help the whole industry. The market is increasingly becoming global and now we
have international competition all over the world.
Employment potential Lots and lots of employment potential will also be created. This increases the
competition among the retail players, which is very good for the consumers/common man.
n favor of consumers One more point in favor of globalization and hence the entry of Walmart in
ndia is that it increases competitiveness among business houses thereby providing the end
consumer with many choices. You can choose what to buy at the price you like. f you don't like the
price or the product, you buy elsewhere.
We need global markets to enter in our country, so it is benefited by so many people. f the company
comes to ndia, so many people will be benefited like employment in that stores and easy access to
people to buy under one roof and you can get quality food.
Walmart is a good thing for the country. Retail business is still very unorganized in ndia.
So my dear friend, competition in any industry will only help get things better. We always had these
kinds of superstores. Something like Big Apple, Subhiksha, 365, but no one actually succeeded in
providing goods at reduced prices. Once Walmart enters the ndian market, these stores might learn
the process and come up with streamlined processes and hence might give a stiff competition to
Walmart. They will have the advantage of knowing the local market better.
WaI-Mart Stores, Inc. (NYSE: WMT), branded as WaImart since 2008 and WaI-Mart before then, is an
American public multinational corporation that runs chains of large discount department stores and
warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes
Global 2000list, and the largest public corporation when ranked by revenue. t is also the biggest private
employer in the world with over 2 million employees, and is the largest retailer in the world.
The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly
traded on the New York Stock Exchange in 1972. t is headquartered in Bentonville, Arkansas. Walmart is
also the largest grocery retailer in the United States. n 2009, it generated 51% of its US$258 billion sales
in the U.S. from grocery business.
[2]
t also owns and operates the Sam's Club retail warehouses in North
America.
Walmart has 8,500 stores in 15 countries, under 55 different names.
[3]
The company operates under its
own name in the United States, including the 50 states andPuerto Rico. t operates in Mexico as Walmex,
in the United Kingdom as Asda, in Japan as Seiyu, and in ndia as Best Price. t has wholly owned
operations inArgentina, Brazil, and Canada. Walmart's investments outside North America have had
mixed results: its operations in the United Kingdom, South America and China are highly successful,
whereas ventures in Germany and South Korea were unsuccessful.