Category Archives: Jaipur

Will Indian Retailers Allow FDI?

There seems to be no end to the controversy surrounding FDI in retail for the Indian Government as mass protests across all the states are not soothing out. While parliament is not reaching at any consensus at all on the same, there are over 6,000 traders in Shimla who have closed their shops to oppose the decision.

Adding fuel to the fire in the joint opposition by Bharatiya Janata Party (BJP) in the state and Communist Party of India-Marxist (CPI-M), which are hell bent to jolt the government. As of now, no reports of violence have been received.

“We have got very good response from across the country and 5 crore traders will not open their shops tomorrow. They will hold protest in their own markets. We will not hold demonstrations in front of foreign stores”, said Praveen Khandelwal, Secretary-General of the Confederation of All India Traders association. Backed by support from other states, there seems to be no early breather for the government.

Apparently, there are confirmed reports that several Bharti-Walmart stores would be shut down on Thursday to avoid any violence. Even security has been escalated at stores of World’s second largest retailer Carrefour in Delhi and Jaipur as a part of precautionary measures. Meanwhile, such similar shutter down operation was seen in Karnataka against the government’s decision to allow 51% the FDI in retail.

Nonetheless, the government has assured that there decision in favor of public interest, there are lingering fears in the minds of retailers that there would be threat to their presence in case such malls are being set up in their states.

There are countries like US where such decisions have affected many small stores, and that’s what has made retailers to put up strong opposition for the entry of foreign players in the retail market. While government would be putting up their best efforts, it would be interesting to see how they would seam through the fierce attack of retailers and opposition parties.

Ericsson Eyes Indian Market As Export Center For Networking Gear

Telecommunication equipment manufacturer Ericsson stated that it was looking at making the country a worldwide export centre for networking gear from its Jaipur plant.

Ericsson India President Fredrik Jejdling stated, “We have recently increased capacity at our facility in Jaipur. In the future, we are looking at making this facility a global export hub.”

But, he refused to remark on the details of investment and time period for beginning for exports from the division.

Commencing with wireline hardware fabrication, it makes 2G and 3G tools at the said division.

Ericsson handles assembly lines offering tools for radio access system, core net, transmission solutions and modules from the division.

With the initiation of novel technologies, comprising 3G and TD-LTE, in the country, the development was done to expand the company’s capacities to hold up the clients in a better way.

“We can now look at exporting to other countries as well,” Mr. Jejdling said.

Ericsson owns manufacturing divisions in Sweden, China as well as Brazil.