National policies on e-commerce in final stage of drafting

Minister of state for trade and enterprise Som Parkash stated that the authorities is in the very last levels of drafting a National Logistics Policy, New Industrial Policy, e-commerce Policy and National Retail Trade policy. The retail change policy will gain 65 million small investors, he said at an occasion organised via Ficci.

“It is being formulated to aid the improvement of the sector as a way to benefit sixty five million small investors. These endeavours in conjunction with the help of the industry could assist in contributing a giant chew to India’s GDP,” he brought.

The government has installation a National Traders’ Welfare Board aimed toward welfare of traders and their personnel, simplification of the Acts and policies applicable to traders, discount of compliance burden and development in access to budget for investors.

Parkash said that the authorities will increase all aid to the e-trade and retail enterprise thru numerous guidelines.