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Business Economy


Goyal assures support to small traders and retailers

Goyal assures support to small traders and retailers

New Delhi, Jun 19 (UNI) Union Commerce and Industry Minister Piyush Goyal on Wednesday held a meeting with representatives of associations of kirana stores, traders and retailers in order to engage them for discussions on issues of e-Commerce and explore their strengths and weaknesses.

The Minister reiterated that India will not allow multi-brand retail by foreign companies and on the pretext of B2B no entry will be allowed for multi-brand retail.

He requested the representatives of associations of kirana stores, traders and retailers to send all suggestions for the draft e-Commerce policy in the next five days without any delay.

'The e-Commerce policy will be finalised only after taking into account every suggestion received by the Department for Promotion of Industry and Internal Trade (DPIIT),' said the Minister.

Ministers of State for Commerce and Industry Hardeep Singh Puri and Som Parkash were also present during this interaction.

The Minister also looked at the possibilities of small stores, traders and retailers who may benefit from an e-Commerce platform.

He urged small traders and retailers to come on the GeM platform which has achieved Rs 25,000 crore turnover and speak frankly and put before him all their apprehensions and fears so that the Commerce and Industry Ministry and other government departments may be able to address them.

Representatives of the associations of kirana stores, traders and retailers discussed the need for a level playing field and the impact of anti-competitive practices like predatory pricing and other discriminatory methods that are being faced by them from foreign competition.

He assured the participants that each and every point made by them will be taken up. He also asserted that predatory pricing will not be allowed and necessary action will be taken against defaulters.

Mr Goyal further said that the government will give all support and assistance to small traders and retailers to grow their business.

He said that the aspect of data in the law is being addressed by the Ministry of Electronics and Information Technology (MeitY).

Mr Goyal urged small retailers, kirana stores to make use of modern technology and avail benefits of government schemes like MUDRA to improve their business, spruce up their shops, improve stocks by storing high quality products and pass on the benefits to people employed by them.

The minister explained that by bringing in greater controls through rules and laws will only help up to a certain point, but for long term gain, short term pain will have to be borne and India cannot remain in isolation and will have to be part of the global value chain in order to become a USD 5 trillion economy.

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