In Mumbai (formerly Bombay), about 20 thousand people held a protest against the entry of India's major trading networks, reported the newspaper The Hindu.
Among the retail operators, causing discontent of local traders, hit supermarket chain Wal-Mart.
Farmers fear that the major networks monopolize the market and have established low prices for purchased products that can damage the development of small businesses.
In August, Wal-Mart Corporation has signed an agreement with the Indian group Bharti Enterprises to establish a network of shops in the format of cash & carry. The first store joint venture Bharti Wal-Mart Private, is in 2008. Prior to 2015, plans to open 10 to 15 outlets area of 4.6 thousand to 9.3 thousand square meters.
According to the portal RetailStudio.org, India's market is estimated at 350 billion dollars and this figure could increase by half by 2015. Only three percent of the market controlled by large network operators.
In July, a network of Wal-Mart was the first among companies with the largest revenues and profits in the list of Global 500 delivered by the magazine Fortune.
Wal-Mart's revenues for the year amounted to 351.1 billion dollars.
Among the retail operators, causing discontent of local traders, hit supermarket chain Wal-Mart.
Farmers fear that the major networks monopolize the market and have established low prices for purchased products that can damage the development of small businesses.
In August, Wal-Mart Corporation has signed an agreement with the Indian group Bharti Enterprises to establish a network of shops in the format of cash & carry. The first store joint venture Bharti Wal-Mart Private, is in 2008. Prior to 2015, plans to open 10 to 15 outlets area of 4.6 thousand to 9.3 thousand square meters.
According to the portal RetailStudio.org, India's market is estimated at 350 billion dollars and this figure could increase by half by 2015. Only three percent of the market controlled by large network operators.
In July, a network of Wal-Mart was the first among companies with the largest revenues and profits in the list of Global 500 delivered by the magazine Fortune.
Wal-Mart's revenues for the year amounted to 351.1 billion dollars.
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