In 1608 a foreign company came in India to do business and it made a proposal in front of the emperor, that if his majesty will provide them some land for establishing the company and will grant them permission to do the business in subcontinent then in lieu of that they'll pay huge amount of money to Royal Treasury. The emperor accepted it unknown to the consequences of his decision which he and his innocent public is going to face in coming future. This decision of emperor made us to suffer for almost 200 years and struggle for freedom for 100 years, this whole thing just took place due to lack of awareness and farsightedness & also due to gradually falling economy of the empire.
That company was none other then the "EAST INDIA COMPANY" and we all now know very well that what it did to all of us. It left our people to die when nation was hit by devastating Bengal Famine, it imposed Salt Tax, it demolished our education system, made us to fight for his benefit, made us to live life similar to that of scavengers, it looted us by imposing several taxes, it divided us, the list goes on and never ends. This whole list will be very tiny if it's compared with what our forefathers have suffered.
I'm feared that same is going to be repeated by this FDI as sooner or later they will dominate our economy and will surely influence the decision making of our govt. in favour of them.
There are several reasons given by govt. of India in support of FDI. I will flash some reasons below with my concern in regard of those reason:
1. That it'll bring investment in the country and will uplift our economic growth.
I would like to ask the govt. that are those companies which are coming to our nation are their son in law that they will simply come and invest in our economy without taking anything from us.
for eg- if Walmart comes to India invest 20 Billion $? Will it not earn profit from it and will it not take away that profit from our nation. It will never be like that, in long term they carry huge amount of money away from our nation in form of profit.
Thus in coming future this investment through FDI will become means of carrying wealth away from the country by the Foreign MNCs.
2. With the FDI in retail new jobs will be created.
Will the street retailers not lose their share of profit to these multibrand retail stores?
3. With the FDI in retail, farmers will get right price for their produce
I would like to ask the govt. that this above goal of " making farmer to get right price for his produce" can only be achieved by FDI in retail? It can't be achieved by some other policy like fair price shop policy which directly purchases from local farmer and sells it to local consumer, can it be achieved by banning mediocre. Can't we think some out-of-box policy to achieve this goal.
4. Foreign retail majors will ensure supply chain efficiencies.
When National geographic and other research fellows are studying supply chain efficiencies from our Mumbaia Dabbawalas then why the hell we are running behind some foreign brand that they can evolve supply chain for us. In US and UK they make use of machines in their supply chain because there is lack of human resource but in a nation like India with Billion plus Human resource, don't need much of machines when lot of people are unemployed which are available for employment by providing some basic skill input in them. And we have the capability to make a supply chain run by humans efficient just like Mumbaia Dabbawalas.
When I was in school my history teacher Mr. Johnson told me that "History Recapitulates itself", but at that time I blowed his words as joke. But now when I see all this about FDI my body shivers that the words said by Mr Johnson may come true and again the economy of our nation may come under control of Foreign MNCs.
That company was none other then the "EAST INDIA COMPANY" and we all now know very well that what it did to all of us. It left our people to die when nation was hit by devastating Bengal Famine, it imposed Salt Tax, it demolished our education system, made us to fight for his benefit, made us to live life similar to that of scavengers, it looted us by imposing several taxes, it divided us, the list goes on and never ends. This whole list will be very tiny if it's compared with what our forefathers have suffered.
I'm feared that same is going to be repeated by this FDI as sooner or later they will dominate our economy and will surely influence the decision making of our govt. in favour of them.
There are several reasons given by govt. of India in support of FDI. I will flash some reasons below with my concern in regard of those reason:
1. That it'll bring investment in the country and will uplift our economic growth.
I would like to ask the govt. that are those companies which are coming to our nation are their son in law that they will simply come and invest in our economy without taking anything from us.
for eg- if Walmart comes to India invest 20 Billion $? Will it not earn profit from it and will it not take away that profit from our nation. It will never be like that, in long term they carry huge amount of money away from our nation in form of profit.
Thus in coming future this investment through FDI will become means of carrying wealth away from the country by the Foreign MNCs.
2. With the FDI in retail new jobs will be created.
Will the street retailers not lose their share of profit to these multibrand retail stores?
3. With the FDI in retail, farmers will get right price for their produce
I would like to ask the govt. that this above goal of " making farmer to get right price for his produce" can only be achieved by FDI in retail? It can't be achieved by some other policy like fair price shop policy which directly purchases from local farmer and sells it to local consumer, can it be achieved by banning mediocre. Can't we think some out-of-box policy to achieve this goal.
4. Foreign retail majors will ensure supply chain efficiencies.
When National geographic and other research fellows are studying supply chain efficiencies from our Mumbaia Dabbawalas then why the hell we are running behind some foreign brand that they can evolve supply chain for us. In US and UK they make use of machines in their supply chain because there is lack of human resource but in a nation like India with Billion plus Human resource, don't need much of machines when lot of people are unemployed which are available for employment by providing some basic skill input in them. And we have the capability to make a supply chain run by humans efficient just like Mumbaia Dabbawalas.
When I was in school my history teacher Mr. Johnson told me that "History Recapitulates itself", but at that time I blowed his words as joke. But now when I see all this about FDI my body shivers that the words said by Mr Johnson may come true and again the economy of our nation may come under control of Foreign MNCs.
