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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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Walmart to plan India footprint in two months
Wal Mart in China
It would take American retail major Walmart Stores a month or two to work-out plans for launching multi-brand retail stores in India, President of Walmart-India Raj Jain said while speaking to reporters in Hyderabad.
However, he refused to comment on the investment plans or other matters, saying that not much time has passed following the Indian Government’s decision to allow foreign direct investment (FDI) in multi-brand retail and issuance of notification in this respect.
The American retail major is now reviewing the implications of the new notification, and it would take it at least a one to two months for developing the retail format, he said.
Mr. Jain said while Indian Government’s decision of allowing FDI in multi-brand retail has been received well by big Indian states like Maharashtra and Andhra Pradesh, some other states like Gujarat have also voiced their opposition.
However, he said the Government of India’s decision to adopt a cautious approach while allowing FDI is a well-contemplated move, which though has left much scope for showcasing the advantages of foreign retailing major like Walmart.
Once they succeed in presenting the benefits of Walmart in a state like Andhra Pradesh, other states may also change their minds and open up to allow Walmart, he added.
Mr. Jain is also the CEO and the Managing Director of Bharti Walmart, a Bharti Enterprises and Walmart Stores Inc joint-venture for wholesale, cash-and-carry and business-to-business operations in India.
Courtesy: Fibre2Fashion

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