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Budget 2021-22 wishlist: Here are the key challenges in retail sector Inadequate physical, digital infrastructure affecting efficiencies in supply chain management
Key challenges of Union Budget 2021 – 22 Lack of a National Retail Policy harmonising multiple laws governing the sector Low consumption demand, further triggered due to pandemic, leading to reduction in investments Frequent and sudden tariff & non-tariff barriers leading to supply chain disruptions, increasing costs and thus reducing demand
Inadequate physical, digital infrastructure affecting efficiencies in supply chain management Industry ask A National Retail Policy seeking alignment between sectoral policies and regulations Retail sector is governed by multiple laws and regulations, including economic and product specific regulations like FSSA, legal metrology, Drugs and cosmetics etc. Further, there are disparities in interpretation and implementation at all levels of the government. Thus, the proposed National Retail Policy needs to focus on the aspect of harmonising the regulations impacting the sector, facilitating ease of doing business. Infrastructure and Logistics development The National Logistics Policy is yet to be released. The plan should have clear action items on making logistics more efficient through an easing of processes, and a coordinated enhancement of logistics infrastructure in the country‌.