Thursday, September 20, 2012

India's New Policy on Retailers

NY Times Skepticism and Caution Greet India's New Policy on Retailers:
"Wal-Mart, which with an Indian partner has 17 wholesale stores in India, is expected to be the biggest immediate beneficiary of the new policies, which will allow it to take a 51 percent stake in an Indian retail operation."
I noticed a 2006 article in Frontline:
"A SUCCESSFUL Indo-United States agreement on civil nuclear cooperation was undoubtedly the centrepiece of the visit of President George W. Bush. But several other important bilateral agreements and initiatives were also concluded. All these, including the nuclear agreement, essentially flowed from the Joint Statement of July 18, 2005, by President Bush and Prime Minister Manmohan Singh during the latter's visit to the U.S. 

While there is reason to be more than satisfied with the outcome of the negotiations on the nuclear front, many elements in the initiatives in the areas of agriculture and economic cooperation, in particular the Indo-U.S. Knowledge Initiative in Agriculture (KIA), could be inimical to the national interest. 

The KIA was formalised through a joint declaration in November 2005, which stated that its objective was to promote teaching, research, service and commercial linkages to address contemporary challenges. This, it envisioned, would be carried out through "public-private partnerships" that will "facilitate technology transfer, bolster agricultural research, education and extension and strengthen trade and regulatory capacity building." 

A Board constituted in December 2005, with representatives from both countries, adopted this February a three-year work plan to achieve what it has termed an "Evergreen Revolution" based on "environmentally sustainable, market-oriented agriculture". 

Significantly, for this "market-oriented" agricultural research and education, the U.S. representation on the Board includes American multinationals Monsanto and Wal-Mart. "

P.S. Jayati Ghosh is skeptical. Entertaining Research has links to articles by Siddarth Varadarajan and Sitaram Yechury.

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