Prevent entry of foreign firms into retail sector: Traders

Hubli | Sunday | 22nd July, 2018

Summary:

All these years, provision shops were serving people efficiently and cost effectively. Distributors and retail businessmen are facing a decrease in quantum of business. Despite such sincere efforts, the business seems to be affected for reasons beyond our control. Ravindra Akalwadi, Ashok Doddamani and others were present. The entry of Walmart through Flipkart is going to worsen the situation,” they said.The Chamber cautioned that American companies are coming to India in a large way and they take away profits from here, devaluing the Indian Rupee further..