Should India be able to decouple itself from US Subprime Impact?

Thursday, October 4, 2007

Metro, Wal-Mart see red as retail backlash spreads to cash & carry

NEW DELHI: After big retail, it’s now the turn of cash & carry operations to face the ire of the anti-organised-retail brigade. In a public interest litigation (PIL) filed in the Delhi High Court, the Federation of Associations of Maharashtra (FAM), an ally of India FDI Watch, has sought to restrict the scope of cash & carry.
"People in the cash & carry business are wholesalers. By definition, a wholesaler should sell in bulk to a retailer, who can then sell in small quantities to consumers. B2B customers like hotels, restaurants and canteens are consumers, not retailers, and therefore cash & carry stores should not be allowed to sell to them," the association has argued in the PIL.

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