New Delhi : To provide a level-playing field to stakeholders, there is a move in government to harmonise policies of retail, FMCG and e-commerce within a single policy framework, NITI Aayog CEO Amitabh Kant said on Thursday.
Interacting with CEOs at FICCI’s annual Retail, FMCG and E-Commerce convention, he said that in today’s globalised world, it has become essential for India to become a part of the global supply chain. For this, India has opened up its economy and liberalised the FDI regime, reports PTI.
Now India features as the number 1 nation in attracting FDI, which has given the country access to latest technology,
global best practices and global innovations, the NITI Aayog CEO said.
“To provide a level-playing field to stakeholders, there is a move in government to harmonise policies of retail, FMCG and e-commerce within a single policy framework, which will address all the concerns of industry and consumers,” Kant was quoted as saying in statement released by Ficci.
Kant said that the government was encouraging domestic entrepreneurs but with foreign players coming in there would be a healthy competition.
The domestic market would be challenged by foreign businesses, which would enable indigenous companies to scale up, enhance quality of products and services and penetrate global markets.
Speaking on digitisation, Kant said that technology would play a key role for retail sector.
