[mayurpathak]

no_atkt

Your view point is excellent. At least I'm with you. People, globalization is not about the business being done by an Indian/local or a foreign company. By globalisation, we mean that you treat the entire world as one single market. There are no boundries, no restrictions. However this is an ideal market scenario which does not exist today, but we are on course.

Most of you are/would be working in IT industry. Even my job requires me to get contracts and projects out sourced for my company. The MNCs give us work, because in the end we are making their work simpler by developing cost saving technology solutions on platforms that they designed for us. And we get highly paid for it. We spend this money again on products and services these MNCs are selling to us. By "MNC" I mean the bigger companies. It could be any one from a TATA to a Walmart or from an Infosys to an EDS. Any business should never be restricted to its own country.

Crook I disagree that the foreign players kill us. When some one like Walmart comes to India, they may force your next door grocer to shut down. But look at the supplementary and complementary businesses they generate. We can not ignore the burgeoning supply chain that works with food bazaar. An opportunity can never be killed, its only shifted.

We can not condemn foreign players in local market and at the same time welcome a TATA or a Hindalco acquiring a competitor outside India. I recommed you guys read "The world is flat" by Thomas Friedmann.