Today’s ET editorial guest column featured Prof. Arvind Pangariya - Columbia Univ. taking on Indian policy making clubbing social goals. Like the current FDI policy change of allowing 100% in single brand retail but with 30% sourcing from Indian small and village industries.
He had a point in asking to make separate policies for separate objectives but then I say where is the harm in uplifting the small and village industry in this manner. Ultimately businesses around the world talk about giving back to the society via philanthropy then why not do it this way. ‘Ikea’ deciding otherwise on investment plans into India could rather help the small scale local entrepreneurs to upgrade to the desired quality standards, I m sure there will be many takers and investors. But then there is no business sense to this, after all it’s not their core competency. Likewise even the Indian multinationals want the government to provide the basic infrastructure in place first and then they do the project feasibility adding sops and exemptions. I agree the government is liable to do it but is it really easy in a country of 1.2 billion.
If the real problem is of poverty and redistribution of income the industry can lend a helping hand in their own way. In the last 60 odd years the clubbing of policy making and social goals have produced Heros like Dhirubhai, Aditya Birla, Narayan Murthy and more. I m sure bright Indian brains making those policy decisions will successfully help make hero’s like Mohd. Yunus in the future as well.
Unless its enusred that poverty is cultivated, its immpossible to feed the Nutrients.
ReplyDeleteThe Law is always a rein owned and runned by the Wealthies for controlling the Poors.
The usual ways of Duniya cannt be nonhyporcatic and always utilise back doors as a sign of modesty towards the Poor.
The mockery of the Democrasy is in full throttle.
Just like wining corporation elections is enough irrespective of the " PoliticalCasts" ruling , oppostion or independents, to recieve chirimiri from Octroi contractor companies, All MLAs , MPS and elected representatives must also be getting due rewards to accept what the Mighty want.
In case of Wallmart wholesale, they take an undertaking from the buyer that he will not consume the products by himself but will sale it to others. The criterion is to have a shop act license. But there is no minimum quantity condition one may purchase of any single item.
So, in Wallmart, a Hardwear Dealer can buy consumer durables for his own use( under pretext that he will sale those to his customers)at really cheaper prices and vice versa.
All the loop holes are perfectly woven and there shall not be any reason to think that these FDIs are any different than East India company.
These are sort of drug resistent business viruses evolved in last 500 years. Very difficult to creat any Antivirus unless we get and concrete spirit of our Nation.
But we are already sold out on that ...
Thanks Sandeep Bhau, Now to understand on the rights & wrongs of it I m planning Debate for students followed by a panel discussion of dignataries like you, peolpe's representatives, consumers and middlemen on the 17th March. How do u like the idea ?
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