CAIT urges Indian PM for separate internal trade ministry

The Confederation of All India Traders (CAIT) has written to Prime Minister Narendra Modi urging for a national policy for retail trade and formation of a separate ministry of internal trade. 

The traders’ confederation has also suggested assigning foreign trade portfolio to the ministry of external affairs instead of the commerce ministry.

The traders' body claimed in a statement that these steps will not only strengthen domestic trade but also improve the country’s export performance.

Lamenting neglect of domestic trade by successive governments, CAIT secretary general Praveen Khandelwal said there are about 6.5 crore small businesses across the country that need special attention, according to a news agency report.