Thursday, August 30, 2007

Reliance Retail closes shops in West Bengal

Reliance Retail has announced the temporary closure of it retail outlets in the state of West Bengal.

The decision has come close on the heals of the decision of the Mayawati government in Uttar Pradesh to forcing all players in the organized retail arena to down their shutters.

Both the above decision have been support with the same reason.

In both cases the decision makers have submitted to the protests and angry demonstrations by the local traders and business community which have been led by the people's representatives. Many a times, these demonstrations have generally been followed by violence and destruction.

For many years, the policy makers of our country have gone to great lengths to promote a culture of self employment through setting up small stores - retail outlets - which are now referred to as the mom-and-dad stores by the players of the organized sector.

The announcements made by the organized retail players as they publicized their plans to launch a series of stores and malls across the country has spread a wave of uncertainity amongst the owners of these mom-and-dad storeowners, who feel their livelihood is being threatened.

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