Over 95 per cent of organised retailers have opposed retail sector being jointly regulated by ministries of commerce & industry and consumer affairs, emphasising that retail operations ought to be regulated by a single national agency to ensure harmonious co-existence of modern and traditional retailers.
In a note submitted to department of commerce, consumer affairs ministry, planning commission and finance ministry, Assocham has referred to its survey based report Indian Retailing : The Way Forward which stresses that multiple governance agencies in retailing sector has caused confusion which needs to be eradicated.
“While the department of commerce alone is responsible for making policies for retailing, their implementation is watched under consumer affairs ministry. This causes distortions and ambiguities in growth of retail. Therefore, Assocham has demanded that the retail sector should be governed by a single central authority that not only makes policies but ensures their proper implementation, said DS Rawat, Secretary General, Assocham.
The survey, in which 150 retailers were questioned, also said that the government should make a comprehensive ‘National Retail Policy’ under which retailing should be facilitated with only one nodal agency.
— IndiaRetailing Bureau