Don't you think we want WallMart in Chennai?Tamilnadu government decides not to let in MNC's into retail FDI sector business. 25 out of 51 cities are opposing to central government's order. Do you think this is a big blow for a big city like Chennai?
Chennai is developing into a big world class city with many worldclass multiplexes and shopping malls (like EA). Why does the government say no to the central government's order on allowing MNC's into retail FDI sector?
Is it because we are selling the same goods at a higher price and if we allow them, our own retail sector business will be lost? Wont it be nice to have shopping gaints Wallmart, Carrefour and Tesco in Chennai?
Think about it!