Comments
The Andhra Pradesh Government announced a retail policy here on Monday, the second day of the three-day Partnership Summit being jointly organised by the CII and the State Government.
Chief Minister N. Chandrababu Naidu said AP was the first State to do so in the country and expressed the hope that others would follow suit. He said organised retailing accounted for only 8 per cent of the market and "there is an imperative need to promote organised retailing in view of its enormous employment potential and also to provide quality products to customers at reasonable prices."
He said MoUs had been signed with four groups - Wal-Mart, Future, Aravind Lifestyle and Spencer - for setting up projects in the state with a combined investment of Rs 1500 crores.
He said Wal-Mart had faced some initial problems in the State, but they had been sorted out. He called for innovative ways of retailing and he suggested that the companies make use of the self-help groups of women in the State to sell their products in the rural areas. Organised retailing would have to make forays into rural India, he said.
Earlier, there was a session on retailing in which Kishore Biyani, the CEO of Future Group, Visakh Kumar, the CEO of Aditya Birla group, Krish Iyer, the CEO of Wal-Mart India, Neel Raheja, the group president of Raheja Corporation, and Kumar Rajagopalan, the CEO of Retailers' Association of India, participated.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.