As a part of his one day visit to Mumbai, Chief Minister Chandrababu Naidu attended the Round Table Session at Taj Mahal Place Hotel, Mumbai at which the government of Andhra Pradesh and Retailers Association of India (RAI) signed an MoU.
Andhra Pradesh government has tied up with Reliance Retail and Future Group to convert fair price shops under the Public Distribution System into Village Malls. There are 29,000 fair price shops across the State of which 6,500 would be converted in the first phase.
The retail sector in India has emerged as the most dynamic and fast-growing market with several players entering it. Retailers and brands are embracing technology in a big way to drive a seamless user experience in an effort to blend in with the increasingly digital world and provide convenience and benefits to the consumer.
In order to further the innovation within the Retail industry, the APEDB is keen to collaborate with the Retailers Association of India (RAI) to unlock synergies and create employment in this fast growing industry.
The APEDB and RAI would work closely to enhance the competitiveness of traditional retail industry in Andhra Pradesh by introducing emerging technologies such as Multi-agent distributed processing, RFID and wireless technology adoption among others and therefore building intelligent value chains.