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'New National Retail Trade Policy in final stages'

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.

New National Retail Trade Policy in final stages

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  29 Oct 2020 5:20 AM GMT

NEW DELHI: 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. (IANS)

Also Read: India's retail trade loses Rs 15 lakh cr due to the ongoing pandemic

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