Sunday, August 1, 2010

Retail trade institute to be set up in city

KOCHI: Finance Minister T. M. Thomas Isaac said on Saturday that Ernakulam would be the most probable choice for setting up the proposed institute for retail trade.

He was giving away the Kerala trade awards, at a function organised by the Department of Commercial Taxes here to honour the top taxpayers in the State.

The Minister said the Kerala Retail Trade Institute, to be set up in 15 acres, will conduct courses leading to MBA. The course will have general managerial content, with focus on trade related studies. It will be established in cooperation with the private sector.

The institute will provide training to develop skilled manpower for the retail trade industry. The Minister also released the logo of the institute.

The Minister said tax collection had gone up from Rs.7,000 crore to Rs.14,000 crore during the last four years.

The relation between trade and the government had improved a lot, he said.

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