Retailers Association of India (RAI) has signed a Memorandum of Understanding (MoU) with the Facilitating MSMEs Tamil Nadu (FaMeTN).
FaMeTN is committed to empowering MSMEs in Tamil Nadu.
In a statement RAI, the unified voice of Indian retailers, said it will play a key role in the development of retail policy in the state, collaborating extensively with FaMeTN to support the retail industry and MSMEs.
RAI will facilitate important discussions between FaMeTN and member retail MSMEs, helping to understand their needs regarding skill development, branding and marketing, capital, compliance, and more.
“This MoU with RAI is a substantial step towards streamlining the process of understanding and addressing the varied needs of our MSMEs,” said Grace Lalrindiki Pachuau, Additional Commissioner, ICDIC and Executive Director, FaMeTN.
Kumar Rajagopalan, CEO, RAI, said, “MSMEs are the backbone of retail. With the collaborative agreement between FaMeTN and RAI paving the way, the state’s MSME landscape is set to flourish. In this dynamic ecosystem, it’s crucial to remember that a staggering 90 per cent of retailers are MSMEs that drive the industry forward. Let’s not forget, the larger retailers’ support for MSME suppliers completes this symbiotic cycle of retail success.”
