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CAIT urges for national trade policy for retail

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Traders body has requested the Prime Minister to formulate a for retail and a separate ministry for internal trade.

So far the retail trade in India does not have any policy neither any individual ministry
So far the retail trade in India does not have any policy neither any individual ministry

Confederation of All India Traders (CAIT) said that such a step will usher structured growth of and will accelerate the economy.

“CAIT in a communication to Prime Minister Narendra Modi has also suggested that foreign trade should be transferred to Ministry of External Affairs,” CAIT said in a statement.

So far the retail trade in India does not have any policy neither any individual ministry, it said.

“It is requested that a National Trade Policy for Retail Trade may be formulated and a separate Ministry may be constituted,” it added.

It has also urged for the formation of a Board of Internal Trade under Ministry of Commerce to work as a developer and regulator of retail trade in the country.