Home / Knowledge / News / Apparel/Garments / Maharashtra Cabinet approves new retail policy
Maharashtra Cabinet approves new retail policy
20
Jan '16
The Maharashtra Cabinet has approved a new policy for retail traders in the state.
 
The new policy is aimed at accelerating investments in the underdeveloped regions of the state and help the state continue to retain its leading position in retail trade in the country, media reports said.
 
As per the policy, retail traders would be exempt from provisions of stocking limits under the Essential commodities Act. They would also be exempted from Agriculture Produce Marketing Committee (APMC) regulations, so that farmers can sell their produce directly to retailers. Further, the retailers will not have to pay any cess to APMC.
 
Retail establishments can remain open on all 365 days of the year between 5 a.m. and 11 p.m. However, employees should be given compulsory weekly offs on a preferential basis. For logistics and supply purposes, enterprises can operate even between 11 p.m. and 5 a.m.
 
In order to encourage retail trade in the state, retail properties/stores will be allowed higher ground coverage, up to 70 per cent, subject to setback and fire safety regulations and floor space index (FSI) norms. In addition, the floor-to-floor height will be raised to 5.5 metres and additional parking space will be allowed without FSI implication.
 
There is also a provision in the policy which allows up to 50 per cent additional FSI for development of retail and shopping centre over the base FSI, subject to payment of full applicable premium according to the prevailing ready-reckoner rates.
 
The new policy would be applicable to new retail business and it will be valid for five years, said Maharashtra industries minister Subhash Desai who introduced the policy. “This would enhance viability and quality of development of retail centres,” he said. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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