Kumar Rajagopalan, CEO, Retailers Association of India (RAI): The emphasis on ‘Ease of Doing Business 2.0.’ a big plus for retail

02 February 2022, Mumbai:

Kumar Rajagopalan, CEO, Retailers Association of India (RAI), feels the plans mentioned in Union Budget 2022 should help the retail industry though he feels the extended Emergency Credit Line Guarantee Scheme (ECLGS) for the hospitality sector could have been extended to other forms of retail as they too are high-contact businesses that have been hit by the pandemic.

“The budget 2022 seems to have laid down a broad framework towards infrastructure development, digitisation, skilling and ease of doing business. All these will definitely benefit retail in the long term.

The DESH STACK e-portal for skilling, reskilling and upskilling through online training, will benefit various industries including retail where there is a need for quick onboarding of skilled talent as it is a labour-intensive sector with high employee churn rates,” said Kumar Rajagopalan, CEO, Retailers Association of India (RAI).

Further elaborating in the context of retail he added, “The emphasis on ‘Ease of Doing Business 2.0.’ should bring a better policy and regulatory environment for retail; on this front, work on a national retail policy is already underway.

While the extended Emergency Credit Line Guarantee Scheme (ECLGS) for the hospitality sector is a welcome move and should help restaurants, the same could have been extended to other forms of retail as they too are high-contact businesses that have been hit by the pandemic. 

CREDITS: RETAIL4GROWTH

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