Thursday, January 03, 2008

Indian Farmers strike back

Indian farmers are now uniting in solidarity to create a chain of stores that would compete with Wal-Mart's low costs. The country has continued to grow aware of the economic effects Wal-Mart will have on their country. But is it too late? Here's the Reuters story.


By Krittivas Mukherjee

MUMBAI (Reuters) - Indian farmers and traders, opposed to the entry of private retail giants such as Wal-Mart, are building a chain of superstores as part of efforts to sell their produce directly and stop prices being set by a few big players.

The effort is being backed by authorities in the western state of Maharashtra, which says infrastructure costs for the project could be subsidized.

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