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Panel formed for clarification on issues related to FDI in e-commerce
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SME Times News Bureau | 25 Jun, 2019
In an effort to bring about a
convergence of interest between e-commerce platforms and small
retailers, Union Minister Piyush Goyal has directed to form a committee
which will provide necessary clarification on the issues related to FDI
in e-commerce, an official statement said on Tuesday.
The
directive from Goyal, who holds the commerce and industry and railways
portfolios, came after an interactive session was held here "till late
evening on Monday with e-commerce companies to discuss ways to bring
about convergence of interests of e-commerce platforms and small
retailers".
Accordingly, the Minister "directed the Department
for Promotion of Industry and Internal Trade (DPIIT) to immediately form
a committee headed by Additional Secretary in DPIIT, with
representatives from Department of Commerce, Ministries of MSME,
Consumers Affairs and legal experts from the government as its members.
The committee will hear grievances and provide necessary clarifications on issues related to FDI in e-commerce.
"Commerce
and Industry Minister reiterated that the government will ensure that
small retailers and kirana shops thrive in the country," the statement
said.
"The Minister informed that the Commerce and Industry
Ministry is making all efforts to balance the interests of small
businesses, retailers, kirana shop owners and e-commerce companies, and
he will again hold a meeting after a month," it said.
In the
interactive session, Goyal informed that the e-commerce policy was a
work in progress and assured that enough time will be given to all
stakeholders to adapt to any changes that may be required.
"More
importantly, the changes will be prospective and nothing will be
implemented with retrospective effect. He (Goyal) urged the e-commerce
companies to always honour the spirit as well as letter of the law," the
statement said.
"The Commerce and Industry Minister was of the
view that even as the interests of MSMEs and other small retailers are
protected, India will continue to embrace technology and digitalisation
to take the economy forward," it added.
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