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Detailed text transcripts for TV channel - MSNBC - 20090710:05:36:00
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Detailed text transcripts for TV channel - MSNBC - 20090709:05:51:00
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Detailed text transcripts for TV channel - MSNBC - 20090708:18:40:00
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multinational corporations will wipe out the little guy. big box stores are almost nonexistent in india. 95% of the buying and selling happens in mom and pop shops. you want luggage, you buy it here. you want rice, you have to go somewhere else. vegetables? yet another place. for businesses it could mean visiting up to 25 places every day just to stock the shelves until now. you talk about stationery, cutlery, kitchen, your meat and fish, everything is available under one roof. the store also appeals to this person who owns a tiny shop. i travelled 40 kilometers but i save a lot of money and get good quality. i visit the place four to five times a week. but not everyone is excited about the new store in bun jab. he s worried. he said his business has dropped 15% in the month walmart has
india s strict business rules forbid foreign countries from direct retail, fearing that multinational corporations will wipe out the little guy. big box stores are almost nonexistent in india. 90% of the buying and selling happens in mom-and-pop shops. you want luggage, you buy it here. you want dried snacks, you have to go somewhere else. you want vegetables, you go to yet another place. for some people, it means visiting up to 25 different places every day just to stock the shelves, until now. the whole free is a blessing, because everything you talk about, stationstationstationery your fish, everything under one store. reporter: and it also appears to this man, who owns a shop in a nearby village. i travel 40 kilometers and i buy a lot of stuff and get good quality. i visit this place four to five times a week. not everyone is excited about the new shop