Home / Knowledge / News / Textiles / India's PMO to look into concerns over e-com policy draft

India's PMO to look into concerns over e-com policy draft

25
Aug '18
India
The Indian Prime Minister’s Office (PMO) has reportedly stepped in to look into concerns raised by sections of the industry as well as the government on the proposed e-commerce policy drafted by the commerce ministry. The policy may see a number of changes. The PMO convened a meeting of officials from key ministries and departments on the issue recently.

The ministries included those of commerce, industry, consumer affairs, information technology and finance, several Indian business dailies reported.

NITI Aayog chief executive officer Amitabh Kant had recently said that the government should not get into the market by looking at micro issues of discounts and pricing. The policy draft mentioned introducing a sunset clause for offering deep discounts to customers.

The PMO is likely to take a measured stance on the issue, while balancing its aim to attract foreign direct investment along with keeping the interest of traders in mind.

Another controversial suggestion is allowing foreign equity of up to 49 per cent in a limited inventory-based business-to-consumer (B2C) model. Despite a proposed caveat that the platforms should be controlled by Indian management, the domestic industry has opposed the suggestion on the ground that it contradicts the government’s stated intent to strengthen Press Note 3, which bars any foreign direct investment in inventory-based online retail.

Industry bodies have also objected to data localisation proposals, according to which data generated by users in India from various sources, including e-commerce platforms, social media and search engines, should be stored exclusively in India.

India’s e-commerce market, currently valued at about $27 billion, is one of the fastest growing in the world. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pxhere

Textiles | On 24th Jan 2019

China's textile & apparel exports up 3.5% in 2018

Textile and apparel exports from China increased by 3.5 per cent...

Pak FCCI demands ending duties on polyester, cotton yarn

Textiles | On 24th Jan 2019

Pak FCCI demands ending duties on polyester, cotton yarn

Faisalabad Chamber of Commerce and Industry (FCCI) president Syed Zia ...

Textile firm fully owned by blacks launched in S Africa

Textiles | On 24th Jan 2019

Textile firm fully owned by blacks launched in S Africa

A multi-million-rand textile firm, Africa Bespoke Apparel (ABA), was...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search