Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Partnership Summit – Andhra Pradesh

Deals covering a gamut of sectors were also signed—retail, steel and gas, among others, and pledged policy changes that would ensure ease of doing business.

  1. First-ever retail policy by a state in India—that makes it easier for retailers to do business in the state.
  2. It proposes single-desk clearance of business plans, let’s stores stay open longer.
  3. Makes it easier for retailers to acquire land to build warehouses, simplifies labour laws and relaxes stocking limits for essential commodities.
  4. It is aimed at attracting investments worth Rs.5,000 crore and creating 20,000 additional jobs in the sector by 2020.

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