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'New National Retail Trade Policy in soon'
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SME Times News Bureau | 28 Oct, 2020
The government is in the final stages of preparing a new National Retail
Trade Policy, Minister of State for Commerce and Industry Som Parkash
said on Wednesday.
"We are in the final stage of drafting a
National Logistics Policy, a New Industrial Policy, a e-commerce Policy
and a National Retail Trade policy," he said at the inaugural virtual
session of 'FICCI MASSMERIZE 2020'.
The national retail trade
policy is being formulated to support the development of the sector that
will benefit 65 million small traders, besides contributing a
significant chunk to India's GDP, he added.
Parkash said that the government will extend all support to the e-commerce and retail industry through various policies.
The
minister also urged the industry to come forward and contribute towards
making India Atmanirbhar in every possible way and to elevate the
country's image globally.
Parkash said that Covid-19 has had an
impact on the people, economy and the businesses, but the industry has
worked along with the government to contain the spread of the virus.
He also said that the government has already launched a series of programmes to transform India into a global economic hub.
"In
the last few years, we have seen significant improvements in ease of
doing business ranking, which has been possible due to transformative
measures taken by the government," he said.
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