Andhra Pradesh Government of India unveiled a new retail trade policy to provide better flexibility to the retailers in terms of open hours, engaging part-time employees, and removal of stock limits for essential commodities, among others.
The policy was unveiled by Chief Minister N Chandrababu Naidu at Confederation of Indian Industry Partnership Summit. Now, Retail enterprises can stay open seven days a week from 6 am to 11 pm. With this policy, the government seeks to attract Rs 5,000 crore-investment in the retail sector by 2020.
Flexibility is also provided in terms of employment, Now retailers can also employ people on an hourly basis, and restricting the number of workers less than 25 percent of the total employees.
They can also employ people on an hourly basis, but the number of workers should not exceed 25 percent of the total employees of the firm. Retail chains will now be allowed to generate customer bills in an electronic form instead of giving them the physical bills.