The foreign retail biggies should try a new model of retail in India — one which will be a true win-win for all the parties concerned. They should designate the existing small retail shops as their franchises, instead of trying to set up huge shopfronts like elsewhere in the world. It will be a one-shot solution to objections raised against retail FDI. Besides, consumers will benefit from access to quality goods at reasonable prices closer to their homes, instead of driving long distances to a typical large format store — the space for which is unlikely to be available in the city proper.
Kishor Kulkarni Mumbai
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number