NEW DELHI: The national retail policy will aim to ease compliance burden and reduce the number of licences needed to open a retail outlet, a senior government official said on Tuesday. “First one is ease of doing business,” said Anil Agrawal, joint secretary at the department for promotion of industry and internal trade (DPIIT).
“It has been said by so many people that if you want to open a retail store, in some cases it requires 24 licences and in some cases 57 licences. One of the basic efforts of the policy is to reduce the compliance burden, to make it easy to start business and to keep it operational.”
Helping traders become digitally sound and pushing regulatory reforms could be some of the major focus areas of the national retail policy that is set to be rolled out, Agarwal said. DPIIT has prepared a discussion paper and these are some of the issues that are being considered.
Agrawal was addressing industry leaders during the launch of a report that listed recommendations for the policy at a virtual retail summit organised by CII and Kearney.
“It has been said by so many people that if you want to open a retail store, in some cases it requires 24 licences and in some cases 57 licences. One of the basic efforts of the policy is to reduce the compliance burden, to make it easy to start business and to keep it operational.”
Helping traders become digitally sound and pushing regulatory reforms could be some of the major focus areas of the national retail policy that is set to be rolled out, Agarwal said. DPIIT has prepared a discussion paper and these are some of the issues that are being considered.
Agrawal was addressing industry leaders during the launch of a report that listed recommendations for the policy at a virtual retail summit organised by CII and Kearney.
