Recovered from FSRN’s earlier site via the Internet Archive Wayback Machine. Originally published October 30, 2012.
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Since the Indian Government announced it would allow foreign retail corporations to set up shop in the country, some states have welcomed chains like Starbucks and Ikea. But in West Bengal, the chief minister has vowed to fight the entry of companies that would compete with Indian small businesses and traders. Residents are divided on the issue. While some say they hope foreign investment will bring about financial benefit, others are worried about the costs to local economies. FSRN’s Prabhakar Mani Tewari reports.
