Monday, March 26, 2007

Jayalalitha against corporate groups entering retail sector

After Kerala, now its Tamil Nadu that might be opposing organized retail. It's really quite ironic, since organized food retailing started in the south and it might be where it gets the shunt first. AIADMK chief Jayalalitha announced that that she is against corporate groups entering the retail sector as it likely to cause small retailers and traders to lose their livelihood due to the leverage large corporate houses have to sell commodities at lower prices. She also said that large retailers had wiped out small retailers in countries such as Japan, China and Canada and the same could happen here too.

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