PANJIM: From among the various sectors of Goan economy, the retail segment is expected to see the highest growth, particularly in verticals specific to food and grocery, electronics, furniture and furnishing, fashion and clothing, restaurants, pharma, technology, online services, niche e-commerce brands etc.
Goa Chamber in association with Department of Commerce, S S Dempo College of Commerce and Economics has prepared a Draft Retail Trade Policy for the State and it was submitted to Chief Minister Pramod Sawant on Saturday by Manoj Caculo, president of GCCI and Radhika Naik, Principal of S S Dempo College of Commerce & Economics in the presence of Rajesh Bhatikar - Administrator, Dempo Charities Trust, Gauri Tamba, Vice Principal, Aruna Mesquita e Noronha and Harip Khanapuri and Hari Kaul, Chairman, GCCI Retail Trade Committee and R S Kamat, Director General.
The Chief Minister assured to request the relevant departments of the Government for their comments on the draft policy and ensure that the State has its Policy in near future.
“However, the lack of a formal retail policy for the State can hamper further growth of retailing business in the state. Goa is in need of a comprehensive and state centric retail policy to address its specific concerns, focusing on both consumer and vendor protection and enforcement and timely re-dressal of issues at every level,” said a press release of Goa Chambers of Commerce and Industry (GCCI).
The State retail policy should serve as a regulatory framework that the retail sector shall abide by, clearly defining the role of the government and the retail sector in Goa. The policy should provide a thrust to the retail industry for goods and services, considering the state centric issues for sustainable growth and development. The policy should also pre-empt trade malpractices in the interest of the stakeholders and establish high standards of consumer protection through mechanisms of self-regulations by the retail industry, the release added.