Home / Knowledge / News / Apparel/Garments / 'Niti Aayog to help traders adopt technology'
'Niti Aayog to help traders adopt technology'
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

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search