WHO IS AFRAID OF THE BIG BAD WOLF ?

6 Dec 2011

WHO  IS  AFRAID  OF  THE  BIG  BAD  WOLF  ?

If and when , Wal-Mart , Carrefour , Tesco arrive in India , who will be afraid of them ?

Certainly not all of the 50 million small retailers

There are many amongst them who are thoroughly transparent , honest and have a very high standard of business practices.

In fact , no foreign Super mart can even match their personalized service to their customers

The retailers who are afraid are the ones who engage in one or more of the following un-ethical practices :

·      Selling fake / duplicate goods

·      Selling sub-standard goods

·      Selling goods at a price higher than the M.R.P

·      Cheating on correct weights

·      Selling goods without bills / cash memos

·      Selling expired goods

·      Not subscribing to “ Packaged Commodities Act “

·      Not subscribing to “ Weights and Measures Act “

·      Selling same item at different prices, especially to poor illiterate customers

·      Refusing to accept genuine “ Returns “

·      Selling drugs without prescriptions

·      Passing off misspelled, poor quality “ Substitutes “

·      Selling PDS items for poor in black market

They are afraid because they will have to give up their un-ethical ways of making a fast buck by cheating their unsuspecting customers

As a customer , I support FDI in retail

But I will continue to patronize my honest corner grocery store !

With regards

HEMEN  PAREKH