The Indian Government is in the process of bringing a retail trade policy with an aim to provide ease of doing business particularly for all the small traders. Sanjiv, Joint Secretary in the Department for Promotion of Industry and Internal Trade mentioned that the policy would also aid in providing better infrastructure facilities and more trade credit that would definitely benefit businesses in their daily operations.
At a conference on FMCG and e-commerce, he further highlighted that, “We want that there should be synergy between e-commerce as well as retail traders. The government is trying to do policy changes not only in e-commerce but national retail trade policy which will be for physical traders which will be introducing ease of doing business, providing better infrastructural facilities, providing more credit and providing all sorts of benefits to traders.”
In addition, the Department is not only in the process of bringing an e-commerce policy for holistic growth of online traders, but also insurance scheme formulation that would help small traders of the country.
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