Home / Knowledge / News / Retail should be governed by one 'National Agency': ASSOCHAM
Retail should be governed by one 'National Agency': ASSOCHAM
04
May '09
Over 95% of organized retailers have opposed retail sector being jointly regulated by Ministries of Commerce & Industry and Consumer Affairs, emphasizing that retail operations ought to be regulated by a Single National Agency to ensure harmonious co-existence of modern and traditional retailers.

In a note submitted to Department of Commerce, Consumer Affairs Ministry, Planning Commission and Finance Ministry, the ASSOCHAM has referred to its Survey based report Indian Retailing : The Way Forward which stresses that multiple governance agencies in retailing sector has caused confusion which needs to be eradicated.

While the Department of Commerce alone is responsible for making policies for retailing, their implementation is watched under Consumer Affairs Ministry. This causes distortions and ambiguities in growth of retail. Therefore, the ASSOCHAM has demanded that the retail sector should be governed by a Single Central authority that not only makes policies but ensures their proper implementation, said Its Secretary General, Mr. D S Rawat.

The ASSOCHAM report in which 150 established retailers views have been incorporated and sent to the identified departments, 135 have sought a comprehensive `National Retail Policy' under which retailing should be facilitated with only one nodal Ministry.

A vast majority of established retailers have alleged that FDI's element is in the hands of Commerce & Industry Ministry and Consumer Affairs Ministry regulates retailing in terms of taxes, licenses, legislation, Essential Commodities Act, Weight & Measurement Act. “It becomes extremely cumbersome to operate retailing function when two nodal Ministries are required to regulate the retailing. As this way, co-existence of modern and traditional retailing is impossible and therefore, an Independent Agency be put up to which the retailers can look for addressing their grievances under a suitable new National Retail Policy”, adds findings of ASSOCHAM Study.

35% of the domestic retailers pointed out lack of quality and trained manpower as one of the constraints in the growth of retail business in India. Lack of specialized personnel, shortage of educational institutes imparting formal training and lack of awareness among youth regarding career prospects in retail are cited as some of the obstacles being faced by the Indian Retail Industry.

Approximately 20 per cent of the respondents pointed out the need to analyze consumer data and buying habits and development of suitable marketing strategies in order to increase consumer purchasing at the outlet as one of the requirements of promoting organize retail growth.

Similarly, around 15 per cent of the retailers stressed on imparting formal training to retail personnel so as to upgrade their skills to match the international standards in retail business. Some other retailers said competitive pricing of the merchandise as well as investment and upgradation of technology has become important with India becoming a sourcing hub for international retailers.


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

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

Silvia Venturini Fendi
Fendi s.r.l

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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