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Friday, November 19, 2010

Tesco and Walmart Will Sign in Indonesia

National modern retail market will be enlivened by some new foreign players. Legitnya retail cake attract the world's two retail giants, Tesco of Britain and the Walmart of the United States, tasted it.
Chairman of the Indonesian Employers Association Retail (Aprindo) Benjamin J Mailool not deny the trend of foreign retailers to Indonesia intensified penetration.
"We can not restrict foreign players into our retail sector and this trend is inevitable," Benjamin said after a public hearing with the Commission of Trade and Industry's parliament, on Tuesday night, November 17, 2009.
Walmart and Tesco, said Benjamin, had entered Indonesia as an important list of the next investment destination. "It's a matter Watu, Indonesia has entered the radar for their expansion," he said.
The three countries became sweet cakes retail world, namely China, India, and Indonesia. Go to India, a little difficult in regulation. While China's entry, even though geographically the land outside, but another world of retail competition is very strong.
In fact, some foreign players who already exist in Indonesia, such as Carrefour will launch an expansion through the addition of outlet-outlet.
Benjamin estimates that Walmart and Tesco will enter Indonesia through the merger system. "Then immediately make a new will be difficult," he said.
In addition to a large population, Indonesia's market attractive for retail development due to see a still positive economic growth, political stability economic, and geographic Indonesian archipelago is still potential for the distribution of goods, particularly eastern Indonesia.
"But in addition, they need the certainty of law and trade regulation. For example, the case of Commission who reap the pros and cons will be a consideration," said Benjamin.

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