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

Pic: Shutterstock

Apparel/Garments | On 30th May 2020

Iran sees high level of illegal apparel imports

Iran suffers from a high level of illegal apparel imports, with about ...

Pic: ASOS

Fashion | On 30th May 2020

Asos Marketplace sees increase in growth

In the times of lockdown, Asos Marketplace has witnessed strong...

Pic: Otrium

E-commerce | On 30th May 2020

Otrium raises €24 mn to extend fashion's life cycle

Otrium, an online fashion marketplace that helps global and...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rushiraj Mulani,

Rushiraj Mulani

The Shradhdha Group of companies was established in 2010 and is based out...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


May 2020

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


Advanced Search