FDI – Future Deserves Innovation December 17, 2011Posted by aglakadam in Management.
Tags: aglakadam, change, fdi, innovate, innovation, Management, market, mnc, success
FDI – Future Deserves Innovation
A lot has been talked about and discussed regarding the introduction of FDI ( Foreign Direct Investment ) in the Indian retail segment. A media research report states that out of 125 crore plus people living in India not more than 0.75% of this population is likely to be in the business of small size trading / grocery or retail store business. Almost 50% of the nation directly survives on agricultural revenue in our country. What farmers sell at rupee 1 gets sold to the end customer at about Rs.4/- on account of the long drawn delivery chain. If the multinational retail stores are allowed to operate in India (under strict monitoring & guidelines), they would help farmers get a better return for their produce and also the common man is likely to save a lot in terms of monthly grocery budget. However this is not happening now. There has been myriad reaction to the proposal and the government has suspended this decision for the time being. Please note that through this article I do not intend to either support or criticize the decision on multi brand retail FDI related policy. Sometimes resistance to change ultimately converts into compulsion to react. Idea is to read between the lines and understand the vital importance of change and innovation in today’s business lifestyle.
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