Question

What is the aim of Retail Trade Policy, 2016 formulated by the Andhra Pradesh Government ?
1. Economic Development
2. Development of Retail Sector
3. Accelerate Investment flow
4. Skill Development

Answer 1

Correct Answer - Option 2 : Development of Retail Sector

The correct answer is Development of Retail Sector.

• Ind. & Com. Dept. has held stakeholder discussions and has drafted the “Retail Trade Policy 2015-20”, duly benchmarking against the policy environment existing in other States in the Country.
• Government, after careful examination, hereby introduces the Andhra Pradesh Retail Trade Policy 2015-2020.
  • The Retail Trade Policy 2016 aims to catalyze growth and provide thrust to the development of the Retail sector in Andhra Pradesh.

• Objectives of Retail Trade Policy 2015-20:
  • Make Andhra Pradesh one of the most preferred destinations for retail trade in India.
  • Make Andhra Pradesh a hub for retail logistics by promoting the setting up of warehouses and distribution centers.
  • To accelerate investment flow to underdeveloped regions of the state.
  • Identify and address existing infrastructure gaps affecting the retail trade industry in AP.
  • Encourage skill development, create more employment opportunities for all sections of society involved in retail trade.
  • Leverage retail trade as a tool for the socio-economic development of the state.
  • Promote e-commerce in the state.