Huge investments in the retail sector will see gainful employment opportunities in agro-processing , sorting, marketing, logistics management and front-end retail.
* At least 10 million jobs will be created in the next three years in the retail sector.
* FDI in retail will help farmers secure remunerative prices by eliminating exploitative middlemen.
* Foreign retail majors will ensure supply chain efficiencies.
* Policy mandates a minimum investment of $100 million with at least half the amount to be invested in back-end infrastructure, including cold chains, refrigeration, transportation, packing, sorting and processing. This is expected to considerably reduce post-harvest losses.
*This will have a salutary impact on food inflation from efficiencies in supply chain. This is also because food, which perishes due to inadequate infrastructure, will not be wasted.
* Sourcing of a minimum of 30% from Indian micro and small industry is mandatory. This will provide the scales to encourage domestic value addition and manufacturing, thereby creating a multiplier effect for employment, technology upgradation and income generation.
* A strong legal framework in the form of the competition is available to deal with any anti-competitive practices, including predatory pricing.
* There has been impressive growth in retail and wholesale trade after China approved 100% FDI in retail.Thailand has experienced tremendous growth in the agro-processing industry.
* In indonesia, even after several years of emergence of supermarkets, 90% of fresh food and 70% of all food is still controlled by traditional retailers.
Wednesday, 30 November 2011
Fear of Suppression..!!
Its the hot topic nowadays whether Indian system will let foreign Retailers survive here..!! Everyone right from the highly educated professional up to the thumb-king chatter, can be found discussing about the so called ILL EFFECTS on Indian small retailers due to the open entry of Global Retail giants like Wall Mart, Carrefour and Tesco etc..
But the fact behind the scene is the extreme fear and psychological pressure that has been created on the minds of Indian Retailers as they are neither in mood to change themselves nor are capable to change..!! Today's alert customer only wants the best product and service at the reasonable prices which Indian Retailers aren't willing to give. It has been continuously said that Small firms will get closed down and thousands of people will lose earning..??? Is it for sure...???
When we can face or challenge any of the worst calamities in our country right from the Wars, Tsunamis why cant we face these foreigners..??? When we talk about the globalization, where is its practicability..?? Government of India has certainly not done anything good to improve economy, so when something good has become possible, why are we not accepting it..??
Improve your supply chains, improve your offerings, bring innovations, use technology and see where you will be...!!! Why blame others when we ourselves cant do anything better..?? When these foreign players can gain profits by operating at lakhs of miles apart from their own destinations, why cant we do it by sitting at our own homes..??
Its just a fear of suppression that has raised the noise....!!
But the fact behind the scene is the extreme fear and psychological pressure that has been created on the minds of Indian Retailers as they are neither in mood to change themselves nor are capable to change..!! Today's alert customer only wants the best product and service at the reasonable prices which Indian Retailers aren't willing to give. It has been continuously said that Small firms will get closed down and thousands of people will lose earning..??? Is it for sure...???
When we can face or challenge any of the worst calamities in our country right from the Wars, Tsunamis why cant we face these foreigners..??? When we talk about the globalization, where is its practicability..?? Government of India has certainly not done anything good to improve economy, so when something good has become possible, why are we not accepting it..??
Improve your supply chains, improve your offerings, bring innovations, use technology and see where you will be...!!! Why blame others when we ourselves cant do anything better..?? When these foreign players can gain profits by operating at lakhs of miles apart from their own destinations, why cant we do it by sitting at our own homes..??
Its just a fear of suppression that has raised the noise....!!
Sunday, 27 November 2011
Some of the Retail FDI proposals made by the govt. India
Cold
storage facilities for farmers to prevent post-harvest losses.
In case of FDI’s more than 51%, 30 per
cent of product sourcing would have to be done from village and cottage industries as well as small and medium enterprises, so as to benefit this
sector.
Hoding that only 53 Indian cities
with a population of 10 lakh and over would attract FDI proposals by virtue of
the policy provisions, govt assured that small retailers would not only coexist
with big players, but also grow by 13 per cent in the coming
years.
The
decision on FDI in retail has come close on the heels of another major policy
rollout -- the National Manufacturing Policy -- which envisaged increasing the
manufacturing sector's share in the GDP from 16 per cent to 25 per cent in 10
years and create 100 million jobs.
Thursday, 24 November 2011
Economic and Governance Reforms is Must
In a recent statement by Mr. Mukesh Ambani, Chairman, Reliance Industries, he has said that India has seen the extravagant economic growth in last few years. But the traditional style of governance has been the biggest obstacle in the country's overall growth. Young and worthwhile population lies in the age group of 20-35 yrs and they need to highly motivated for the applicability of country's economic growth.
Hence, it is must for India that style of governance and the economic policy should be changed. The focus should be on the improvement in Education and Healthcare systems, as these two are the only ones responsible for keeping growth in the flow. For this achievement, Globalization along with Liberalization is to driven and so governing policies need to be modified and advanced.
Hence, it is must for India that style of governance and the economic policy should be changed. The focus should be on the improvement in Education and Healthcare systems, as these two are the only ones responsible for keeping growth in the flow. For this achievement, Globalization along with Liberalization is to driven and so governing policies need to be modified and advanced.
Sunday, 11 September 2011
Understanding Chinese business culture and etiquette (Courtesy-www.chinese-culture)
The Initial Approach
Chinese business contacts are mostly referrals; essentially a business relationship is struck based on another business associate recommendation. The best prices and deals often comes from a strong recommendation.
However, it is common today for cold calls and direct contacts, given the availability of the internet and the competitive nature of Chinese businesses. You may source from the internet, trade fairs, catalogues and brochures, advertisements and approach the Chinese companies directly through a call or email.
Alternatively, if you are seeking to invest in a factory in China, you can approach a investment committee or a business advisory directly. They will be able to advise you on your best location based on your industry, raw material and manpower needs. Please contact us directly if you have such a need and we'll be glad to advise accordingly.
Business Relationship in China
Chinese business relationship inevitably becomes a social relationship after a while. Unlike Western business relationship which remains professional and perhaps, aloof, even after a long time, Chinese business relationship becomes a social one.
Chinese business relationship inevitably becomes a social relationship after a while. Unlike Western business relationship which remains professional and perhaps, aloof, even after a long time, Chinese business relationship becomes a social one.
The more you share your personal life, including family, hobbies, political views, aspirations, the closer you are in your business relationship. Sometimes, a lot of time is spent discussing matters outside of business, but then a lot of time, the other party is also making up his mind about your deal based on how much he sees your personal relationship with him.
Seniority is important in China
Seniority is very important to the Chinese especially if you are dealing with a State owned or government body. Instead of addressing the other party as Mr or Mrs so and so, it is always appropriate to address the other party by his designationie Chairman So and So, Director So and So or Manager So and So.
Seniority is very important to the Chinese especially if you are dealing with a State owned or government body. Instead of addressing the other party as Mr or Mrs so and so, it is always appropriate to address the other party by his designationie Chairman So and So, Director So and So or Manager So and So.
When giving out namecards or brochures, make sure you start with the most senior person before moving down the line. When giving out a namecard or recieving one, ensure that you are stretching out with both hands with the card. Remember to face the card you are giving out in a manner such that the recieving party gets it facing him correctly.
Giving Face or Gei MianZi
Giving face (aka giving due respect) is a very important concept in China. You must give the appropriate respect according to rank and seniority. For example, if you are buying gifts for an initial contact, make sure you buy better gifts for the senior managers instead of buying similar gifts across the board.
Giving face (aka giving due respect) is a very important concept in China. You must give the appropriate respect according to rank and seniority. For example, if you are buying gifts for an initial contact, make sure you buy better gifts for the senior managers instead of buying similar gifts across the board.
Similarly, sitting positions in a meeting room or a dining table is accorded accordingly to rank, importance and seniority. It is good to seek advice before embarking on your first meeting with Chinese business contacts to avoid making the wrong move.
Gifts and Presents
Unlike earlier days when China was very poor, gifts, especially of Western origin was especially appreciated. Today, China produces and imports almost anything imaginable and gifts are no longer a novelty.
Unlike earlier days when China was very poor, gifts, especially of Western origin was especially appreciated. Today, China produces and imports almost anything imaginable and gifts are no longer a novelty.
However, gifts are always appreciated and especially in the smaller cities or towns, will continue to play an important part in your business relationship. Do note that if you are indeed giving gifts, make sure the senior people get a better gift or at least gifts perceived to have a higher value than their junior staff.
Similarly, expect to recieve gifts from the Chinese, especially Chinese art products. It is polite not to refuse, especially if it is not of too high a monetary value.
Lunch/Dinner in China
There is no business talk in China without at least one trip to a restaurant. Sometimes, a trip is made to the restaurant even before any business discussion take place! Inevitably, the restaurant will always be a grand one and you are likely to be hosted in a private room.
There is no business talk in China without at least one trip to a restaurant. Sometimes, a trip is made to the restaurant even before any business discussion take place! Inevitably, the restaurant will always be a grand one and you are likely to be hosted in a private room.
There is an elaborate seating arrangement for a Chinese business meal. There are fixed seating positions for the host and the guest and then they are seated again according to seniority. This is a very important aspect of a formal dinner and it is important that you follow the rules accordingly. However, it seems that the Northern Chinese are very particular to this formal seating arrangement while the Southern Chinese has loosen the formalities somewhat.
Controversial Issues in China
There are some taboo areas in social conversations with the Chinese. Try to avoid these conversational topics as much as possible. I have seen many nasty arguements as a result of these topics:
There are some taboo areas in social conversations with the Chinese. Try to avoid these conversational topics as much as possible. I have seen many nasty arguements as a result of these topics:
1. You must not mention that Taiwan is an independent state or a country.
2. You must NEVER praise the Japanese or be seen to be good buddies with them
3. You can condemn Mao Tse Tung but avoid critising Deng Hsiao Ping
4. You must not praise Shanghai in front of natives of Beijing and similarly vice versa
2. You must NEVER praise the Japanese or be seen to be good buddies with them
3. You can condemn Mao Tse Tung but avoid critising Deng Hsiao Ping
4. You must not praise Shanghai in front of natives of Beijing and similarly vice versa
Other than that, you are pretty safe to converse with the Chinese anything under the sun!
Old metal to become a big Afghan business (Courtesy-Sada-e Azadi Magazin)
After three decades of war, scrap metal has become one of Afghanistan’s “natural” resources.
Old military equipment such as Soviet tanks and other metal vehicles and destroyed buildings have all become sources of metal, available to be reprocessed and used to make new metal products.
The Afghan government recently entered the metal recycling business in Kabul. In early February, officials sold 750 old public Millie Buses, most of them destroyed during the urban battles of the 1990s.
This is the first time that the government has announced the sale of scrap metal. The normal route for such metal is illegal: smuggling to neighbouring countries for reprocessing.
It is hoped that a steel processing capacity will be developed in Kabul, like the factory that opened last year in Herat. The Afghan Folad factory employs more than 100 workers who make steel building products.
The initiative to process metal in Kabul will help the government reduce the eyesore created by the wrecked buses, which have become surrounded by garbage and other unpleasant waste.
Selling the metal will also make money for the government to spend on development projects.
Officials have committed to sell the metal in a transparent, three-step bidding process. They also hope it will develop a domesic metal recycling market. That way, Afghan processors will benefit from business previously done in Pakistan and the metal will be available for use in Afghanistan.
Old metal is everywhere around the country; including governmental compounds, sidewalks, highways, rivers, mountains and deserts. Besides large objects like vehicles and their discarded parts, scrap metal comes from broken appliances, wood stoves, and even drink cans made of valuable aluminium.
The department has already sold the 750 buses to an individual who bought the buses for 9,300 afghanis each, officials said.
After all the buses are sold from three compounds in the capital Kabul (Zinda Banan, Khoshal Khan and Shah Shahed areas), they will start selling old Russian-made trucks the government owns.
Recently Afghan President Hamid Karzai’s cabinet decided to rid the country of old metal. His cabinet created a commission to supervise this effort. The panel includes members from the ministries of commerce, finance, mines, justice, and the National Environmental Protection Agency.
The commission has already ordered each government ministry to gather their scrap metals, including old weapons, and put the material in once place.
Governmental officials hope they will earn tens of thousands of dollars from these metals. The money will be used in development projects.
“We will sell the metals which are useless, old and corroding,” Jan Mohammad Mohmand, chief executive for the used metal sales board and a member of the finance ministry, told Sada-e Azadi.
Old military equipment such as Soviet tanks and other metal vehicles and destroyed buildings have all become sources of metal, available to be reprocessed and used to make new metal products.
The Afghan government recently entered the metal recycling business in Kabul. In early February, officials sold 750 old public Millie Buses, most of them destroyed during the urban battles of the 1990s.
This is the first time that the government has announced the sale of scrap metal. The normal route for such metal is illegal: smuggling to neighbouring countries for reprocessing.
It is hoped that a steel processing capacity will be developed in Kabul, like the factory that opened last year in Herat. The Afghan Folad factory employs more than 100 workers who make steel building products.
The initiative to process metal in Kabul will help the government reduce the eyesore created by the wrecked buses, which have become surrounded by garbage and other unpleasant waste.
Selling the metal will also make money for the government to spend on development projects.
Officials have committed to sell the metal in a transparent, three-step bidding process. They also hope it will develop a domesic metal recycling market. That way, Afghan processors will benefit from business previously done in Pakistan and the metal will be available for use in Afghanistan.
Old metal is everywhere around the country; including governmental compounds, sidewalks, highways, rivers, mountains and deserts. Besides large objects like vehicles and their discarded parts, scrap metal comes from broken appliances, wood stoves, and even drink cans made of valuable aluminium.
The department has already sold the 750 buses to an individual who bought the buses for 9,300 afghanis each, officials said.
After all the buses are sold from three compounds in the capital Kabul (Zinda Banan, Khoshal Khan and Shah Shahed areas), they will start selling old Russian-made trucks the government owns.
Recently Afghan President Hamid Karzai’s cabinet decided to rid the country of old metal. His cabinet created a commission to supervise this effort. The panel includes members from the ministries of commerce, finance, mines, justice, and the National Environmental Protection Agency.
The commission has already ordered each government ministry to gather their scrap metals, including old weapons, and put the material in once place.
Governmental officials hope they will earn tens of thousands of dollars from these metals. The money will be used in development projects.
“We will sell the metals which are useless, old and corroding,” Jan Mohammad Mohmand, chief executive for the used metal sales board and a member of the finance ministry, told Sada-e Azadi.
Sunday, 28 August 2011
System cannot be run ideally
After a strong Lokpal Bill was passed by the Parliament, there is wave of victory across the Nation. But there is a need to have a law to check corruption in the judiciary and one to enact electoral reforms that would effectively control money power in elections. Lokpal would only cover public servants, including ministers, whereas the fountainheads of corruption in India were big businesses and corporates and it is said that they are running the Legislature..!! Further, Judiciary is said to be run by Legislature...!!! Isn't it strange..?? The two are always seen to be related to each other. Then to whom do one blame..??
When it comes to Legislature, Judiciary becomes unable to trap the corrupts and when it comes to Judiciary, Legislature says, no one is greater than Judiciary.
When Anna wanted the Judiciary to be brought in the view of Lokpal, the question of hurting the Supremacy of Judiciary was produced in front of them, of-course, one cannot un-trust the Judiciary, but where is its transparency..??
Also, it is damn sure that Lokpal may also misuse its powers. Then what is the use of the Graft..???
We need to refine our system just like the scientific principles. Scientific principles cannot be applied ideally, or can be, but in the extreme ideal conditions, which are not possible in practical.
Same thing is applicable with our system. We have to accept the flaws in it. One cannot think of the pure system and he cannot blame it, also. In our ancient stories and mythology also, we can see number of flaws. These incidents prove that unless there is a flaw, we cannot look for another way and so we cannot take the world ahead.
So, from the current scenario, I feel that, the time of next Revolution has come, and it is going to take us to the new era, just like I said above. Our System will take number of turns but will never run ideally.
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