Wednesday, May 30, 2007

UPDATE 1-Indian leftists harden opposition to Wal-Mart

(Reuters) - NEW DELHI, May 30 - India's main communist party,
which props up the ruling coalition, urged the government on
Wednesday to establish a licensing system for retail chains and
prevent the entry of foreign players like Wal-Mart.




The Communist Party of India said that in
a country where there were millions of small grocery store
owners and street vendors, "the potential social costs of
growth and consolidation of organised retail ... is enormous".


Read more at Reuters.com Economic News

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