Government proposes to have a national retail policy: Som Parkash

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The government proposes to have a national retail policy to create an enabling environment to streamline the growth of all retail formats, and consultations with stakeholders are underway to this effect, Parliament informed friday. Minister of State for Trade and Industry, Som Parkash, in a written response to a question in the Rajya Sabha, said an enabling environment can be created by simplifying rules and regulations.

“The government proposes to have a National Retail Policy to create an enabling environment to streamline the growth of all retail formats, including by simplifying rules and regulations.

Consultations with stakeholders are ongoing,” he said.

In response to a separate question, Commerce and Industry Minister Piyush Goyal said the Center had approved the inclusion of Hyderabad Bengaluru Industrial Corridor (HBIC) under the Industrial Corridor Scheme in response at a request from Andhra Pradesh.

“The Government of India has also approved the development of Orvakal Node as part of the Hyderabad-Bengaluru Industrial Corridor.

“A consultant has been appointed for the development activity of the project, including the preparation of a detailed master plan and the preliminary engineering of the Orvakal node,” he said.

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