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Govt in final stage of drafting e-commerce policy, National Retail Trade policy: Som Parkash
Oct-29-2020

Union minister Som Parkash has said the government is in the final stage of drafting the e-commerce policy and National Retail Trade policy. The Minister of State for Commerce and Industry said the government will extend all support to the e-commerce and retail industries through various policies. He said ‘We are in the final stage of drafting a National Logistics Policy, New Industrial Policy, e-commerce Policy and National Retail Trade policy’.

He highlighted ‘It (policies) is being formulated to support the development of the sector that will benefit 65 million small traders. These endeavours along with the support of the industry would help in contributing a significant chunk to India's GDP’. Trade, e-commerce and FMCG companies have a huge presence in India along with a large consumer base that provides numerous opportunities for every player in this sector.

Som Parkash said ‘the government has already launched a series of programmes to transform India into a global economic hub. The government works on the vision of minimum government and maximum governance’. In the last few years, the minister said there have been significant improvements in the ease of doing business ranking, which has been possible due to transformative measures taken by the government.

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