Walmart is ruining our country

Associated Press

Wal-Mart Expresses Interest in India05.12.2005, 07:10 AM

Wal-Mart, the world’s largest retailer, wants to open stores in India, the chief of the company’s international operations said Thursday, as he lobbied for the South Asian nation to open its booming retail sector to foreign investment. The U.S.-based company, headquartered in Arkansas, has no stores in India where foreign retailers are only allowed to operate through franchises. But it sources apparel, home textiles and accessories from India. President and CEO of Wal-Mart International John B. Menzer told reporters in New Delhi that if his company could open stores in India, it would be able to source more products from the country. “We have growing Indian partners. We have great suppliers in this market. It is our fastest growing export market,” Menzer said after meeting with Prime Minister Manmohan Singh.

Wal-Mart operates a procurement center in the southern Indian city of Bangalore. This year, Menzer said, the Bangalore center is expected to export products worth over US$1.5 billion (euro1.16 billion) to Wal-Mart stores worldwide.”If I have an opportunity to bring stores into the market, we will get better knowledge and close cooperation with our supplier … and can even accelerate the growth of our exports.”

Earlier this year, the government said it plans to allow foreign investment in the fast-growing retail sector, but that it hasn’t made a final decision because of opposition from leftist allies. Besides Wal-Mart, Chanel of France, Britain’s Marks & Spencer and Germany’s Metro are keen to enter India’s US$180 billion (euro140 billion) retail market that is dominated by more than 12 million “mom and pop” shops.

Earlier this year, the government said it plans to allow foreign investment in the fast-growing retail sector, but that it hasn’t made a final decision because of opposition from leftist allies.Besides Wal-Mart, Chanel of France, Britain’s Marks & Spencer and Germany’s Metro are keen to enter India’s US$180 billion (euro140 billion) retail market that is dominated by more than 12 million “mom and pop” shops.

~babu

Think it over…..

Today, we have higher buildings and wider highways, but shorter temperaments and narrower points of view.

We spend more, but enjoy less. We have bigger houses but smaller families. We have more compromises but less time. We have more knowledge but less judgement. We have more medicines but less health.

We have multiplies our possessions, but reduced our values. We talk much, we love only a little, and we hate too much.

We reached the moon and came back, but we find it troublesome to cross our own street and meet our neighbours.

We have conquered the outer space, but not our inner space.

We have higher income, but less morals…. These are times with more liberty, but less joy… With much more food, but less nutrition….

These are days in which two salaries come home and divorces increase. These are times of finer houses, but more broken homes. Thats why I propose that as from today:

You do not keep anything for a special occassion, because every day that you live is a special occassion. Search for knowledge, read more, sit on your front porch and admire the view with out paying attention to the needs.

Pass more time with your loved ones, eat your favorite food, visit the place you love.

Life is a chain of moments of enjoyment; it is not only survival.
Lets tell our families and loved ones how much we love them, Never pass up a chance at adding laughter and joy to your life. Every day,hour, and minute are special….And you never know if it will be your last….

Just remember that “one of these days” can be very far away, and we may not be there to see it…..

babu