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Industry leaders advocate for Microfinancing, technology adoption, and skilling small retailers


Chandigarh, (Gurpreet) : With the objective to strengthen the ecosystem for small retailers and to future-proof them for India’s $5 trillion economy, the Federation of Indian Chambers of Commerce & Industry (FICCI) and Center of Policy Research and Governance (CPRG) India in association with METRO Cash & Carry India organized a multi-stakeholder conference, ‘Retail Samvad’ on the theme ‘Future of small retail: Strengthening & Skilling retailers for India@100’ in New Delhi. The conclave was graced by Dr. Sudhanshu Trivedi, Member of Rajya Sabha and National Spokesperson of BJP, and B. B. Swain, Secretary, Ministry of Micro Medium and Small enterprises, Government of India who unveiled the recommendation report of Retail Samvad 3.0.

The inaugural address on Future of small retail: Strengthening & Skilling retailers for India@100 was delivered by Dr. Sudhanshu Trivedi, Member of Rajya Sabha and National Spokesperson of BJP, who said,The Retail sector is one of the key sectors to accelerate India to a $5 trillion economy. For the benefit of sector, the Government has included traders and retailers in the ambit of MSME. To safeguard them, the Government also brought the rule of disallowing global tender for procurement up to Rs 200 Cr. Today, the mind-set has changed from job seeker to job creator with the PM Mudra Yojna wherein over 34 Cr people have taken small loans under the Mudra Yojna. In conservative estimates, if one-third of them have created a single job, close to 12 crore jobs would have been generated which is a transformational change at the grass-root level.”

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