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Saturday, May 30, 2009

Walmart in India: High Cost Of Low Prices

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So the monopolizing giant Walmart has finally opened its first store in Amritsar, Bharat (misnomer: India) on May 30, 2009 by the name of "Bharati Wal-Mart". Bharti Walmart is a joint venture between Bharat's Bharti Enterprises Ltd. and Wal-Mart Stores Inc. (WMT) of the U.S. Bharti Enterprises is the parent company of Bharti Airtel Ltd., Bharat's largest mobile company by users. Bharatvaasi (misnomer: Indian citizens) oblivious of the effect of the store on local community and jobs seem to be welcoming it or so reports the sellout biased immoral section of Bharatiya (misnomer: Indian) media.

I ain't supporting no socialists nor communists on this issue, but it is the duty of Government of Bharat, with out their known prejudices against majority community, to protect the local communities, local businesses and see to it that local Walmart employee gets a decent wage with respect.

US has tough Labor Laws and has comparatively much better grievance redressal system to hold companies accountable (irrespective of Company's market size or contacts in the Government) for mistreating their employee. Bharat on the other hand, unfortunately, does not. Government of Bharat has to ensure that Labor Rights of employees are upheld and they are not exploited. There are Environment issues also.

Below are some documentaries about the effect of Walmart on local communities in United States.

Frontline: Is Wal-Mart Good for America? (Official Website)
FRONTLINE explores the relationship between U.S. job losses and the American consumer's insatiable desire for bargains in "Is Wal-Mart Good for America?" Through interviews with retail executives, product manufacturers, economists, and trade experts, correspondent Hedrick Smith examines the growing controversy over the Wal-Mart way of doing business and asks whether a single retail giant has changed the American economy. If copyright becomes an issue on this video upload, it will be deleted immediately.

Walmart: The High Cost Of Low Prices (http://www.walmartmovie.com/)
WAL-MART: THE HIGH COST OF LOW PRICE is a feature length documentary that uncovers a retail giant's assault on families and American values.

The film dives into the deeply personal stories and everyday lives of families and communities struggling to fight a goliath. A working mother is forced to turn to public assistance to provide healthcare for her two small children. A Missouri family loses its business after Wal-Mart is given over $2 million to open its doors down the road. A mayor struggles to equip his first responders after Wal-Mart pulls out and relocates just outside the city limits. A community in California unites, takes on the giant, and wins!

CNBC Originals - The Age of Wal-Mart
The Age of Wal-Mart interviews CEO Lee Scott, explores the circumstances that led founder Sam Walton to create Wal-Mart, highlights the innovation that Wal-Mart has engaged in to apply robotics and logistics in it's mammoth distribution centers is shown, exposes it's business practices in dealing with manufacturers, and shows it's ongoing expansion–now internationally into countries like China.

Some of the related news:
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  2. अतिरिक्त समाचार के लिए गूगल समाचार पर जाएँ।

  3. Bharti Wal-Mart: To Open 15 Wholesale Stores In 3 Yrs

  4. Cash and carry gains momentum

  5. Wal-Mart makes its India entry

  6. More News from Google News

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