Green to Reliance, Red to Wal-Mart - CPI
Retail giants like Reliance Fresh maybe facing protests in states like Uttar Pradesh, but support for them is coming from unexpected quarters. The Left is opening up to organised retail. And that means Indian retail companies can now open shop in Left-ruled states, like West Bengal and Kerala, without any trouble. Indian MNCs in organised retail the thumbs up
Months after Reliance’s organised retail plans in Left-ruled states ran into rough weather, the CPI-M’s 19 party congress is giving Indian MNCs in organised retail the thumbs up. However, the green signal comes with a rider. The report on framework for governance for Left-ruled states asks the state governments to frame regulations. A licensing system will be followed in which municipal corporations will be entrusted to give out licenses. It is also believed that the number of outlets will be fixed as per the population in an area. However, there will be a ceiling on floor space of outlets.
02.04.2008.
