Wednesday, December 13, 2006
Left Party upset with Wal-Mart entry
Nothing really new about this. The Left Party was expected to oppose the entry of Wal-Mart though its tie up with Bharti Enterprises, and it has. The Economic Times reports that the tie up with Bharti Enterprises and Wal-Mart has angered the Left parties who have asked Prime Minister Manmohan Singh to intervene and stop the US company from entering the country. The Left is one of the strongest opponents of FDI in retail and had earlier even opposed the governments easing the rule to allow 51% FDI in single brand retail. The CPM and CPI has called for a nationwide bandh to protest against Wal-Mart’s entry to India.
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2 comments:
Left Parties, particularly CPM in West Bengal is likely to welcome Walmart.
The official line is to oppose everything to do with the west, but since Wal-Mart will benefit WB along the lines that Reliance has and will be benefiting the state with its distribution and supply centres, of course the Left Parties will welcome them unofficially.
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