The government today said there was no need to frame a separate policy for corporate houses entering the retail sector."There is no restrictions on the entry of big corporate houses and other domestic investors into retail... no action seems to be necessary at present to formulate any separate policy to tackle the issue," Minister of State for Consumer Affairs Taslimuddin told the Rajya Sabha in a written reply.He was replying to a question whether the arrival of major corporates in retailing, specially in fruits and vegetables, would entail unemployment, and whether the government has formulated any policy to tackle the issue.The share of organised retailing in the total retail trade is very small, the minister said adding it would not have any major adverse impact on retail outlets in the unorganised sector.Taslimuddin also said organised retailing sector would create more employment opportunities and improve the quality of employment."It also helps in the establishment of cost-effective supply chains," he added.
