'corporate giants will not affect small retailers'
Tiruchirapalli,
Dec
8:
The
entry
of
corporate
giants
like
the
Reliance
and
the
Spencer's
into
the
country's
retail
trade
would
not
affect
the
small
traders,
according
to
Tamil
Nadu
Varthaga
Kazhagam
President
J
J
L
Gnanraj.
Addressing a press conference here last night, Mr Gnanraj said lakhs of small traders, engaged in the retail business, were having customers from middle and lower middle class, while the corporate supermarkets and departmental stores would attract only the upper and above upper class customers.
However, he clarified that the Kazhagam would fight against the entry of foreign companies and 'multi-nationals' as it would affect the interests of domestic traders.
Mr Gnanraj, who is also of the Tiruchirapalli District Chamber of Commerce President, said the Chamber had arranged for a Rs 180 crore loan assistance to 2,000 small traders in Tiruchirapalli district from the State Bank of India.
UNI