DPIIT’s Draft National Retail Policy Delayed As Retailers Await Clarity

DPIIT’s Draft National Retail Policy Delayed As Retailers Await Clarity

SUMMARY

In a meeting on June 25, the DPIIT secy had said that draft policy would be ready in 10 days

A new report claims that DPIIT’s draft is not yet ready for a public release

DPIIT will float the policy to get feedback from retail industry stakeholders

As part of the new Indian government’s 100-day agenda, the Department for Promotion of Industry and Internal Trade (DPIIT) has been working on the draft national retail policy. In a meeting on June 25, DPIIT secretary Ramesh Abhishek said that the trade body will release that draft of the national retail policy in the next ten days.

However, in what looks like another delay, the draft policy is said to be floated “soon”, even though there’s no clarity on when it would be released. In an ET report, an official said that DPIIT will soon release a draft national retail policy to get stakeholders’ views and feedback from the industry. The department is said to have completed consultations on the proposed policy and is in the process of drafting it which will be soon put for public comments.

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