ENA State 2024-08-29 16:03:51 <p><span style="font-size:14px"><strong>Chennai, Aug 29 (KNN)</strong> The Tamil Nadu government is exploring the possibility of implementing a separate policy for the retail sector, according to T.M. Anbarasan, the state's Minister for Micro, Small and Medium Enterprises (MSME).</span></p> <p><span style="font-size:14px">This announcement was made during the inauguration of the 'Chennai Retail Summit 2024', organised by the Retailers Association of India (RAI).</span></p> <p><span style="font-size:14px">Minister Anbarasan stated that the request for a retail policy, similar to those in other states, would be presented to Chief Minister M.K. Stalin upon his return from an international trip.</span></p> <p><span style="font-size:14px">The minister emphasised the retail industry's significant contribution to economic growth and job creation, particularly for women, and pledged the government's support to the sector.</span></p> <p><span style="font-size:14px">The state government has been actively promoting entrepreneurship through five self-employment schemes, including the Annal Ambedkar Business Champions Scheme and the New Entrepreneur-cum-Enterprise Development Scheme.</span></p> <p><span style="font-size:14px">Over the past three years, these initiatives have reportedly resulted in the creation of 30,000 new entrepreneurs and approximately 300,000 job opportunities.</span></p> <p><span style="font-size:14px">Kumar Rajagopalan, Chief Executive Officer, RAI, highlighted Chennai's importance as an early adopter of the chain store model in India.</span></p> <p><span style="font-size:14px">He noted that retailers in the region have successfully adapted to modern retail practices while maintaining their cultural identity.</span></p> <p><span style="font-size:14px">The Chennai Retail Summit, themed Changing World of Retail, provided a platform for industry executives and service providers to discuss emerging trends and strategies in the evolving retail landscape.</span></p> <p><span style="font-size:14px">This development signals the Tamil Nadu government's recognition of the retail sector's importance and its potential impact on the state's economy and employment opportunities.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39095 https://knnindia.co.in/news/newsdetails/state/tamil-nadu-considers-separate-retail-policy-msme-minister 2024-08-29 16:03:51 knnindia.co.in