Tamil Nadu Chamber of Commerce and Industry (TNCCI) strongly opposed the idea of 24X7 shops policy as the trade body feels that it will take business of small retailer for a big toss. TNCCI stated in a statement that Permitting 24x7 operations of shops, malls and other work places would wipe out traditional retail traders and activate cultural degradation in the country.
President of the chamber, N Jegatheesan and Senior President S Rethinavelu jointly said that the Union government had approved model shops and establishments (Regulation of Employment and Conditions of Services) Bill 2016, to allow shops, malls, restaurants and cinemas to remain open round-the-clock throughout the year. Being a model bill, it will not be referred to Parliament for approval. It is left to the discretion of the individual states to pass the model bill as an Act to be enforced in their respective states.
TNCCI has showed its concern if the states adopt the bill then small retail trade units will be taking an exit route. The bill will affect around 20 crore Indian families who are entirely depend on their small retail business. Most retail units in India are managed by families under the direct supervision of the heads of families and such units would find it impossible to function 24 hours a day. There would also be health implications.
TNCCI’s statement further stated that the 24x7 policy will be beneficial only to foreign and domestic retail giants with chain stores and with substantial financial muscle power and loss sustaining capacity. This can be realised through the fact that foreign giants like Walmart had hailed the model bill. The Centre's move to permit 100 per cent FDI in marketing of food products produced and manufactured in India without any conditions was the first salvo fired against our traditional retail units and present passing of the model bill permitting shops to open round-the-clock is the second such assault against their very survival.