Som Parkash, Retail News, ET Retail

The government proposes to have a national retail policy to create an environment conducive to the rationalization of the growth of all formats of this business, and consultations with stakeholders are being organized for this, Parliament was informed on Friday. . State Minister for Trade and Industry Som Parkash, in a written response to a question posed to Rajya Sabha, said that an enabling environment can be created by simplifying rules and regulations.

“The government proposes to have a national retail policy to create an environment conducive to streamlining the growth of all retail formats, including simplifying rules and regulations.

Consultations with stakeholders are ongoing, ”he said.

Responding to a separate question, Trade and Industry Minister Piyush Goyal said the Center had approved the inclusion of the Hyderabad Bengaluru Industrial Corridor (HBIC) as part of the Industrial Corridor Program in response to a request from Andhra Pradesh.

“The Indian government has also approved the development of the Orvakal node in the Hyderabad-Bengaluru industrial corridor.

“A consultant has been appointed for the development activity of the project, including the preparation of a detailed master plan and the preliminary engineering of the Orvakal node,” he said.