Home / Knowledge / News / Apparel/Garments / 'Niti Aayog to help traders adopt technology'
'Niti Aayog to help traders adopt technology'
04
May '16
Niti Aayog will extend full support to small businesses in the Country to embrace technology for ensuring the growth of their businesses.

The assurance was given by Niti Aayog CEO Amitabh Kant to a delegation of the Confederation of All India Traders (CAIT) which met him today in New Delhi.

The delegation was led by CAIT's Secretary General Praveen Khandelwal. The Niti Aayog chief agreed with the trade body's demand for a National Trade Policy for retail trade and said that he would speak to Ministry of Small & Medium Enterprises (MSME) in this regard, CAIT said in a press release.

Kant said that small business is the life line of the economy and as such needs a special focus on policy front. He stressed that traders and other small businesses should also understand that change is inevitable and as such they also need to upgrade and modernise their existing business format and adopt technology to accelerate growth in their trade which will culminate into growth of economy as well.

Kant also advocated a simplified and rationalised tax structure in the country and said that GST will certainly relieve the traders from various taxes and their paper formalities and will convert into ease of doing business in India.

The CAIT delegation sought government's support to incentivize cashless payments for broader acceptance. Its partnership, with global technology leader in electronic payments MasterCard, has achieved significant success across key states and has outlined an ambitious agenda for 2016, CAIT said.

Khandelwal told Kant that due recognition of “the magnificent contribution of small businesses to national exchequer is need of the hour” and a mechanism needs to be created which can have regular dialogue with traders on various issues.

The CAIT Secretary General said the traders are willing to adopt technology but there has to be a support policy from the Government.

“We are surely moving towards a technology dependent world wherein internet and mobile would be as essential as water and air," said Khandelwal.

He also urged for issuing clear guidelines and definition of ownership with respect to e-commerce business in India. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search