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25 e-commerce players attend key FDI policy meeting
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SME Times News Bureau | 25 Mar, 2021
A crucial meeting on Thursday on FDI policy for the e-commerce sector is being attended by 25 leading companies.
The
meeting through video conference is being held under the Chairmanship
of Secretary, DPIIT regarding FDI Policy on e-commerce sector.
The
meeting is being attended by e-commerce players, including RIL, Amazon,
Udaan, 1mg, Firstcry, Flipkart, Swiggy, Shopclues, Pepperfry, Snapdeal,
Urbanladder, Paytm, Nykaa, Naukri, Netmeds, Bigbasket, Tata, Uber, Tata
Unistore and Ola.
As per the draft policy, an e-commerce
operator operating in marketplace or hybrid mode shall manage its
relationship with sellers on its platform in an agnostic manner and
without being partial to any of its sellers.
This is laid out in
the Draft e-commerce policy prepared by the Department for Promotion of
Industry and Internal Trade under the Ministry of Commerce &
Industry.
This National e-Commerce Policy is therein, not a
fresh construct of government's ambitions but is a consolidated document
for the continued vision of providing a level playing field to all
stakeholders, including individual consumers, MSMEs, traders, artisans,
startups, while pursuing a development agenda which addresses growth and
reduces prevalent market distortions. This focus is important as retail
trade has been complaining against it.
Meetings are underway to
receive feedback on the policy. One on one interactions have been held
with concerned Ministries/Departments, based on which the revised
version of the policy has been prepared.
In this policy,
e-commerce means the business activities of sale, marketing,
distribution of goods or provision of services through the Internet or
other information networks. The policy covers all modes of e-commerce,
i.e., inventory, marketplace and hybrid model. This policy is equally
applicable to entities, natural and/or legal with foreign and domestic
investments.
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