In a Parliamentary session held on December 4, the Minister of State for Commerce and Industry Som Parkash shared that the Centre is planning for a national retail trade policy. In a written reply to a query in Rajya Sabha, the Minister said that a conducive environment can be created by simplifying rules and regulations. “The government proposes to have a national retail trade policy for creating a conducive environment for streamlining growth of all formats of retail trade, including by simplifying rules and regulations. Stakeholder consultations are being held,” he said.
Commerce and Industry Minister Piyush also informed the Parliament about the Government’s approval of including the Hyderabad Bengaluru Industrial Corridor (HBIC) under the Industrial Corridor Programme as requested by Andhra Pradesh.
“The Government of India has also approved the development of Orvakal node under the Hyderabad-Bengaluru Industrial Corridor. Consultant has been appointed for project development activity including preparation of detailed master plan and preliminary engineering of Orvakal node,” he said.