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Devil's Advocate: Kamal Nath
Published on Sun, Mar 18, 2007 at 20:29, Updated at Sat, Jun 16, 2007 in Nation section
Tags: Devils Advocate, Kamal Nath , Karan Thapar
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What’s your view - do you take them seriously or do you say those statistics are cooked up?
Kamal Nath: I believe that there is going to be dislocation, but whether it is eight million or not, I can’t say and I don’t know what Business Line says. But to me it appears that entry of these players is going to close down because their ability to take a loss and stock is much more than the small retailer. And if they want to put their money in, I want them to put their money where it strengthens my small retailer.
Karan Thapar: So are you saying then, that in fact there will be dislocation but despite that we must be open-minded about FDI because we need it, or are you saying that dislocation must put us off letting FDI in?
Kamal Nath: That the possible dislocation which can occur leads me to think that they must put their money where we need it. They must bring their technology where we need it and that’s the backend.
Karan Thapar: So they come in at our terms rather than theirs.
Kamal Nath: Of course, India is a large market…
Karan Thapar: And you are confident you can persuade them to do that?
Kamal Nath: Well, I hope so because the number of small retailers that there are, is the number of customers they have in other countries.
Karan Thapar: So when it comes to FDI as opposed to large corporate houses, the small retailer gets your first preference.
Kamal Nath: The small retailer gets my first preference.
Karan Thapar: Kamal Nath, a pleasure talking to you on Devil’s Advocate.
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Total Comments: 5
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Yes, Garima. And it is sad that the educated class of our country can do so little to change these
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It is pathetic that the political system whose objective should be our country's development is always obstructing its success!
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Displacement of small retailers, margin pressure, twist in new rules of the game would lead lot of confusion. However, despite
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I heard the minister for the first time but I must say that I am very impressed by him. Although
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One of the rarest interviews of Devils Advocate where the guest proved himself 'a man of substance'. I have never
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