WALMART BROKE OF WITH BHARTI A BIG BLOW TO ADVOCACY OF FDI IN RETAIL

The Confederation of All India Traders has considered broke off of Walmart with Bharti group as a big blow to advocates of FDI in retail. The CAIT is aware of the practices being followed by global retailers in Wholesale cash and carry format of business in India where 100 percent FDI is allowed and Walmart has announced to operate its activities in such format now.                                                           

We have living instances with us where global retailers have flouted norms and conditions laid down for Wholesale cash and carry and are trying to make this format as a back door entry to retail trade of India. The CAIT will identify all such practices and grey area of this format and shall call upon the government to plug all loopholes so that this format may not prove a nightmare for indiginious small traders.

Praveen Khandelwal